ACCT 485 Lecture Notes - Lecture 2: Tax Evasion, Internal Revenue Code, Internal Revenue Service
20 Sep 2016
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Acct 485 lecture 2: tax research and tax planning. Legislative branch (statutory: revenue bills (tax, ways and manes committee (house, finance committee (senate) Irs has own separate building: internal revenue service. Law does not have to make sense, but you have to follow it: may not even exist. Internal revenue code: legislative process, committee reports, organization of the internal revenue code. Internal revenue service: revenue rulings, revenue procedures, private letter rulings, technical advice memoranda. Judicial interpretations of specific tax rules apply to specific sets of facts: u. s. tax court, u. s. district court. Trial court, 1 judge per district: u. s. court of federal claims. U. s. court, government chooses for you to go there. Generally it is against other countries: u. s. court of appeals, u. s. supreme court o o. Closed-fact tax research: compliance setting, take the transaction and it into the law somewhere, client has already done the research.
