Primary tax authority comes from statutory, administrative, and judicial sources. This includes, but is not limited to:

• Internal Revenue Code
• Revenue Rulings
• Financial Accounting Standards Board (FASB)
• U.S. Tax Court
• Supreme Court
• Circuit Court of Appeals
• Tax Treaties
• Treasury Regulations

2. Secondary tax authorities are unofficial sources of tax information such as journals, tax services, and newsletters. More specifically, sources include, but are not limited to:

• IRSpublications
• Taxjournals and newsletters
• Taxservices
• Press releases
• Annotated services

Questions:

2. Which commercial tax service would you choose if you were starting a tax practice and why?
4. What challenges would you anticipate going forward with using that tax service?
6. What would you expect to spend on that tax service? Why?

Answer rating: 100% (QA)

Choosing the right commercial tax service for starting a tax practice depends on various factors such as the scope of services needed budget constrain... View the full answer