Name that Tax Case! 2024

Overview

In tax rulings, several cases are cited frequently. Many of these cases represent judicial doctrines such as substance over form or step transaction. Some key tax rules, such as the definition of a trade or business or a reasonable cause defense for a penalty waiver, are from court decisions. These key cases and doctrines are important not only to judges, but also to practitioners in compliance and planning work. This webinar presents significant judicial doctrines and rules by identifying and explaining key cases needed to help us better understand and apply our federal tax law. Numerous examples of cases and applications to tax practice are covered.

Highlights

• Judicial tax doctrines such as the fruit of the tree, Arrowsmith and dominion and control
• Cases relevant to understanding many areas involved in computing income tax liability and practice and procedure
• Rules of statutory construction and relevance to tax research
• Importance of significant tax cases to compliance, planning and tax research

Prerequisites

An understanding of the components of taxable income for individuals and businesses. Practice with compliance and tax planning.

Designed For

Practitioners involved in tax research, those seeking a deeper understanding of various components in measuring taxable income and compliance by gaining stronger understanding and awareness of key tax cases to assist in tax compliance, planning and research.

Objectives

• Understand various tax doctrines that apply to income recognition, identifying the taxable parties, property transaction calculations, when transactions lack substance, and much more
• Identify when key tax doctrines may be relevant in understanding or supporting a tax treatment or result
• Describe significant court decisions relevant to all aspects of measuring taxable income and being tax compliant
• Identify key rules of statutory construction and their relevance to tax research

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.