Additional Resources When Performing Tax Research

Discussion Post
Name
Institution
Course
Date
DISCUSSION POST
When performing tax research, you may come across a vague answer that does not fit your client's facts. Where would you turn for additional resources if the code sections do not provide an answer?
It is common when a person is performing tax research to come across a vague answer that does not fit a client's answer. During such circumstances, a person should use other additional resources to find an answer if the code sections are not helpful. The Internal Revenue Code sections are the domestic section of the federal statutory tax law in the United States. They are under Title 26 of the United States Code and have 199 subtitles, including employment taxes, income taxes, and group health requirements. Tax professionals use IRC to find answers related to tax.
While tax professionals can use IRC, there are instances when one might need help finding answers in the code sections (Wouters, 2020). Thus one should turn to other resources like federal and state tax regulations. These are legal rules and regulations that govern how the federal and state governments handle issues relating to taxes. These laws cover property taxes, income, corporate, and excise. This is the best resource because federal and state regulations comprehensively explain where the Internal Revenue Code left. At the same time, these laws allow a tax professional to find what other states say about the issue if there were other issues handled in the past, and how they were handled. For instance, if the matter had been taken to the court of law, one would be interested in learning more about the court ruling. T...