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#10
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| "A.G. Kalman" <glendale202-mtm[at]yahoo.com> wrote: - quote - > David Woods, EA, ChFC, CLU wrote:
I'm fairly certain EVERY MST has a research course as a core> > "DORFMONT[at]aol.com" <DORFMONT[at]aol.com> wrote: > > > You're a lawyer. Most of us are not. We don't regularly > > > quote court cases and code sections. When I teach my class > > > of financial planners in tax planning I tell them " You will > > > hear only the following code sections from me: 179, 1231, > > > 1245, 1250 and 1031 exchange. Then I read to them a part of > > > Section 1231 and mercifully stop and point out to them why > > > they really should never look up code before checking with > > > Master Tax Guide or RIA or some other reliable and readable > > > tax authority. > > > > > I took a class in taxes at the local community college > > > expecting to get court cases and code sections. I was > > > disappointed. Even though it was taught by a former IRS > > > agent and CPA, it was form and rules oriented, with no more > > > section numbers than the course I teach. I understand that > > > the Masters in Taxation program at USC (my neighborhood) > > > goes into the legal stuff. (DAVE?) > > > > > In my experience, lawyers are those people who come to us > > > for tax preparation because they spend their time drafting > > > Private Annuity Trusts (R) or Intentionally Defective > > > Grantor Trusts and can't be bothered with the minutiae of > > > the 1040. > > As an MST, I can tell you that yes there was case study but > > no code or regulation study. That is to say, yes there was > > teaching on the various forms of authority and research, but > > it was not legal based. > > > I'd also add to your list, 1041's, because they don't > > necessarily do such a great job on those either. > At San Jose State Univ. the course of study for the MST > includes understanding and citation of all guidance whether > it be code, regs, court cases, etc. The research course is a > prerequisite for the degree. course. My point was that at least in my program, that the program as a whole was more tax theory and application based. Yes you would be given the code section defining what minimum gain is, but far more time would be spent on determining how to calculate and implement it. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#9
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| David Woods, EA, ChFC, CLU wrote: - quote - > "DORFMONT[at]aol.com" <DORFMONT[at]aol.com> wrote:
At San Jose State Univ. the course of study for the MST> > You're a lawyer. Most of us are not. We don't regularly > > quote court cases and code sections. When I teach my class > > of financial planners in tax planning I tell them " You will > > hear only the following code sections from me: 179, 1231, > > 1245, 1250 and 1031 exchange. Then I read to them a part of > > Section 1231 and mercifully stop and point out to them why > > they really should never look up code before checking with > > Master Tax Guide or RIA or some other reliable and readable > > tax authority. > > > I took a class in taxes at the local community college > > expecting to get court cases and code sections. I was > > disappointed. Even though it was taught by a former IRS > > agent and CPA, it was form and rules oriented, with no more > > section numbers than the course I teach. I understand that > > the Masters in Taxation program at USC (my neighborhood) > > goes into the legal stuff. (DAVE?) > > > In my experience, lawyers are those people who come to us > > for tax preparation because they spend their time drafting > > Private Annuity Trusts (R) or Intentionally Defective > > Grantor Trusts and can't be bothered with the minutiae of > > the 1040. > As an MST, I can tell you that yes there was case study but > no code or regulation study. That is to say, yes there was > teaching on the various forms of authority and research, but > it was not legal based. > I'd also add to your list, 1041's, because they don't > necessarily do such a great job on those either. includes understanding and citation of all guidance whether it be code, regs, court cases, etc. The research course is a prerequisite for the degree. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#8
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| - quote - > You're a lawyer. Most of us are not. We don't regularly
Linda,> quote court cases and code sections. When I teach my class > of financial planners in tax planning I tell them " You will > hear only the following code sections from me: 179, 1231, > 1245, 1250 and 1031 exchange. Then I read to them a part of > Section 1231 and mercifully stop and point out to them why > they really should never look up code before checking with > Master Tax Guide or RIA or some other reliable and readable > tax authority. > I took a class in taxes at the local community college > expecting to get court cases and code sections. I was > disappointed. Even though it was taught by a former IRS > agent and CPA, it was form and rules oriented, with no more > section numbers than the course I teach. I understand that > the Masters in Taxation program at USC (my neighborhood) > goes into the legal stuff. (DAVE?) Thanks for your thoughtful comments. Actually, I am not a lawyer yet. I will take the EA exam this fall. Soon thereafter, I will study for the bar exam! Oh my, what a task that is!!! I am curious as to why you wouldn't teach your students Code? I think the more education, the better. I have taken Master of Taxation classes, too. They *definately* taught Code and Cases. The only difference was that their analysis of the cases was not as in depth. I saw your signature say that you are avoiding the JD. I can understand, but in the end it gives you more freedom. Thanks, again. Jennifer DeBoer << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#7
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| - quote - > I took a class in taxes at the local community college
When I was first exposed to a taxation class I was hoping to> expecting to get court cases and code sections get a mechanics type of curricula, we got to an actual 1040 prep about the last week of the quarter. OTOH, what we learned day one still carries over with me: Taxes aren't fair (like life is?) Taxation is not primarily about revenue collection, but about economic control... Dave << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
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| "DORFMONT[at]aol.com" <DORFMONT[at]aol.com> wrote: - quote - > You're a lawyer. Most of us are not. We don't regularly
As an MST, I can tell you that yes there was case study but> quote court cases and code sections. When I teach my class > of financial planners in tax planning I tell them " You will > hear only the following code sections from me: 179, 1231, > 1245, 1250 and 1031 exchange. Then I read to them a part of > Section 1231 and mercifully stop and point out to them why > they really should never look up code before checking with > Master Tax Guide or RIA or some other reliable and readable > tax authority. > I took a class in taxes at the local community college > expecting to get court cases and code sections. I was > disappointed. Even though it was taught by a former IRS > agent and CPA, it was form and rules oriented, with no more > section numbers than the course I teach. I understand that > the Masters in Taxation program at USC (my neighborhood) > goes into the legal stuff. (DAVE?) > In my experience, lawyers are those people who come to us > for tax preparation because they spend their time drafting > Private Annuity Trusts (R) or Intentionally Defective > Grantor Trusts and can't be bothered with the minutiae of > the 1040. no code or regulation study. That is to say, yes there was teaching on the various forms of authority and research, but it was not legal based. I'd also add to your list, 1041's, because they don't necessarily do such a great job on those either. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
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| DORFMONT[at]aol.com wrote: - quote - > You're a lawyer. Most of us are not. We don't regularly
In the sixties NYU Law School used the code in tax courses.> quote court cases and code sections. When I teach my class > of financial planners in tax planning I tell them " You will > hear only the following code sections from me: 179, 1231, > 1245, 1250 and 1031 exchange. Then I read to them a part of > Section 1231 and mercifully stop and point out to them why > they really should never look up code before checking with > Master Tax Guide or RIA or some other reliable and readable > tax authority. > I took a class in taxes at the local community college > expecting to get court cases and code sections. I was > disappointed. Even though it was taught by a former IRS > agent and CPA, it was form and rules oriented, with no more > section numbers than the course I teach. I understand that > the Masters in Taxation program at USC (my neighborhood) > goes into the legal stuff. (DAVE?) > In my experience, lawyers are those people who come to us > for tax preparation because they spend their time drafting > Private Annuity Trusts (R) or Intentionally Defective > Grantor Trusts and can't be bothered with the minutiae of > the 1040. LLM in Taxation degree. In my MBA in Accounting and Taxation, the tax courses were patterned after NYU's. Corporate Earnings & Profits was a fun topic. -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| You're a lawyer. Most of us are not. We don't regularly quote court cases and code sections. When I teach my class of financial planners in tax planning I tell them " You will hear only the following code sections from me: 179, 1231, 1245, 1250 and 1031 exchange. Then I read to them a part of Section 1231 and mercifully stop and point out to them why they really should never look up code before checking with Master Tax Guide or RIA or some other reliable and readable tax authority. I took a class in taxes at the local community college expecting to get court cases and code sections. I was disappointed. Even though it was taught by a former IRS agent and CPA, it was form and rules oriented, with no more section numbers than the course I teach. I understand that the Masters in Taxation program at USC (my neighborhood) goes into the legal stuff. (DAVE?) In my experience, lawyers are those people who come to us for tax preparation because they spend their time drafting Private Annuity Trusts (R) or Intentionally Defective Grantor Trusts and can't be bothered with the minutiae of the 1040. Linda Dorfmont E.A., CFP, CSA studying to become a CLA but still avoiding J.D. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| Alan, thanks for the link. I also visited taxtopics...great site!!! I am glad that you chimed in! Tax Cents LLC Jennifer DeBoer New Philadelphia, OH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| Jennifer D wrote: - quote - > Hey! Maybe some of you already know this, but just in case
Try this as it is experimental but current:> you don't I found a place where you can search the Code of > Federal Regulations! Check it out! > http://www.access.gpo.gov/nara/cfr/c...le-search.html > Of course, select Title 26. I guess they are not as up to > date as CCH or RIA, but they are FREE! I like free. :-) http://ecfr.gpoaccess.gov/ Milt Baker CPA Michigan << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| - quote - > You may want to use the following link to a beta test site
Thanks!!! I will!> from the National Archives. It's quite good for searches. > http://tinyurl.com/3n2qv << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Jennifer D wrote: - quote - > Hey! Maybe some of you already know this, but just in case
You may want to use the following link to a beta test site> you don't I found a place where you can search the Code of > Federal Regulations! Check it out! > http://www.access.gpo.gov/nara/cfr/c...le-search.html > Of course, select Title 26. I guess they are not as up to > date as CCH or RIA, but they are FREE! I like free. :-) from the National Archives. It's quite good for searches. http://tinyurl.com/3n2qv -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| Hey! Maybe some of you already know this, but just in case you don't I found a place where you can search the Code of Federal Regulations! Check it out! http://www.access.gpo.gov/nara/cfr/c...le-search.html Of course, select Title 26. I guess they are not as up to date as CCH or RIA, but they are FREE! I like free. :-) Jennifer DeBoer << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| online, regs |
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