Tax Research

Tax Research Support Services:

You DO have a "tax department" and research

facilities accessible in "one tenth hour"

increments.

Tax Research Documentation

Our basic service is to provide CPA's & other tax professionals with tax research support services for their tax practices. This research takes the form of tax research documentation which is preceded by and/or followed with one or more discussions by phone. Such discussions may be triggered by:

A lack of a research library in order to conduct a proper search

The need for a second "opinion"

A lack of time during the busy season or during some other busy period of the year

A need to help clarify a complex set of facts

A need to understand the basics of an area of taxation not previously handled

Tax Research Memorandums:

When an in-depth written tax memorandum is needed (includes a discussion of the facts, issues, an analysis and our conclusions), we now offer a Premium Service. This type of service may require a second party review by another CPA or tax lawyer and also requires a full engagement letter.

Previously Published Articles:

The following articles were previously published on our old website. They can be found at www.TaxActe.com. They featured topics of repeated interest to callers with an emphasis on practical applications.

Effect of S Corps, LLCs and Covenants on Self-Employment Tax That other tax - can we plan around it?

Tax Consequences of Foreclosure to Homeowners - An Overview Including tax consequences of "upside down" properties / recourse v. nonrecourse debt

Decedent's Partnership Interest - Handling the Step-Up in Tax Basis The Section 754 Election / Mechanics / Hindsight Planning and Other Considerations

Today's Cost of an Audit Lottery Ticket - The "No Fault" Penalty How the courts are responding to the substantial underpayment penalty

Electing Out of Home Equity Indebtedness What to do if your client uses a home equity loan for business or investment

Does Component Depreciation Live On? The Tax Court invokes investment credit case law for MACRS

Sale of a Building - The 1997 Tax Act 67% "Default" Penalty Obtaining documentation to allocate sales price may reduce the tax burden

Installment Sales - There Could Be A Wrong Time Default and repossession can generate a current tax liability

The "2-1/2 Month Rule" Lives On Compensation to minority shareholders (and many others) still may not be currently deductible