Electronic and Printed Tax Services

Chapter 6

Computer Tax ServicesBenefits

User indexes, using any significant term Can tailor the inquiry to fit any specific tax

problem Speed and flexibility, including hypertext

linking Updates more current Broad availability of information and

documents

Published v. Electronic Published Electronic Annotated Service √ Topical Service √ Everything √

Currency √ Index √ Browsing √ Full-text search √

Major Electronic Tax Service Providers RIA Checkpoint CCH Tax Research Network Kleinrock TaxExpert

The First Step Formulate the issue

Is it a question of deductibility? If so, what kind of outlay is it? What is the nature of the outlay that places

its status in doubt? Is it a business expense, page 2, other? Do you already know the controlling IRC §

The Issue Is the $1,000 payment to Vendor on February 22

deductible? – will get you nowhere Is the purchase of a processor at a cost of $1,000

deductible as a business expense? – better Is the $1,000 purchase of a processor deductible

as a business expense under IRC §162? – better, if you already know the controlling IRC §

Is the $1,000 purchase of a processor deductible as a business expense under IRC §162, or must it be capitalized under IRC §263A? - better

The Issue (cont’d)

Does the $1,000 cost of a processor qualify as a deduction under IRC §179?

Much depends upon how much you already know about the controlling law, if any, when you begin your search

To begin with, some key works might be – processor – deductible - capitalize

The Beginning of the Search Three search methods, depending upon

how much you know about the controlling law Keyword keyword search (obviously IRC § cite search Case name cite search Content

Published Tax ServicesAnnotated Tax Services

CCH – Standard Federal Tax Reporter RIA – United States Tax Reporter

Organized by IRC § Hard copy “compilations” Search by

Keyword – Index Topic or Subject Code Section Case Name

Published Tax ServicesAnnotated Tax Services

Code Section Organization Service Annotation (not-authoritative) Code section Regulations Other authorities

Cases Revenue Rulings Etc.

Published Tax ServicesTopical Tax Services

Subject matter or transactions RIA’s Federal Tax Coordinator 2d RIA’s Analysis of Federal Taxes: Income

(Analysis) BNA’s Tax Management Portfolios

(Portfolios) West’s Mertens Law of Federal Income

Taxation (Mertens)

IRS’s Website Lots of info Forms Publications Practitioner’s (info specifically needed by

practitioners)

www.irs.gov

Questions

?

Electronic and Printed Legal Services (Secondary Authorities)

Chapter 7

Electronic Legal Services LexisNexis BNA (Bureau of National Affairs)

Tax Management Portfolios TaxCore – daily news service

Tax Analysts – very comprehensive TaxBase

Tax Notes Today

Westlaw Mertens – Law of Federal Income Taxation Bittker & Loken Service

Questions

?

Journals, Newsletters, and Internet News Services

Chapter 9

Tax PeriodicalsSecondary Authorities

Annual proceedings Scholarly reviews Professional journals Newsletters

Tax PeriodicalsAnnual Proceedings

Annual tax professionals’ conferences NYU Institute on Federal Taxation University of Chicago Law School’s

Annual Federal Tax Conference USC’s Major Tax Planning Institute Tulane Tax Institute Penn State Tax Conference

Tax PeriodicalsScholarly Reviews

Law and business schools’ law review or academic journal publications

Tax Law Review by NYU School of Law Virginia Tax Review by University of

Virginia School of Law Boston University Journal of Tax Law /

BU Florida Tax Review by U of Florida

Tax PeriodicalsProfessional Tax Journals

AICPA’s Tax Adviser ABA Section on Taxation’s Tax Lawyer Warren, Gorham & Lamont’s

Journal of Taxation Taxation for Accountants Journal of Partnership Taxation

CCH’s Taxes

Tax PeriodicalsTax Newsletters

CCH’s Tax News Direct Taxes on Parade

BNA’s Daily Tax Report Tax Analysts’

Tax Base Tax Notes

Questions?

?