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  #10  
Old 02-23-2005, 04:14 AM
David Woods, EA, ChFC, CLU
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Default Re: Regs Online

"A.G. Kalman" <glendale202-mtm[at]yahoo.com> wrote:
- quote -

> David Woods, EA, ChFC, CLU wrote:
> > "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.


I'm fairly certain EVERY MST has a research course as a core
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 > << ------------------------------------------------->
  #9  
Old 02-21-2005, 06:28 AM
A.G. Kalman
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Posts: n/a
Default Re: Regs Online

David Woods, EA, ChFC, CLU wrote:
- quote -

> "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.

--
Alan
http://taxtopics.net

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #8  
Old 02-18-2005, 12:12 PM
Jennifer D
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Posts: n/a
Default Re: Regs Online

- quote -

> 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?)


Linda,

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 > << ------------------------------------------------->
  #7  
Old 02-18-2005, 11:53 AM
traalfaz2@aol.com
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Posts: n/a
Default Re: Regs Online

- quote -

> I took a class in taxes at the local community college
> expecting to get court cases and code sections


When I was first exposed to a taxation class I was hoping to
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 > << ------------------------------------------------->
  #6  
Old 02-18-2005, 11:52 AM
David Woods, EA, ChFC, CLU
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Posts: n/a
Default Re: Regs Online

"DORFMONT[at]aol.com" <DORFMONT[at]aol.com> wrote:

- quote -

> 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.

--
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 > << ------------------------------------------------->
  #5  
Old 02-18-2005, 11:14 AM
Frederick Jorden
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Posts: n/a
Default Re: Regs Online

DORFMONT[at]aol.com wrote:

- quote -

> 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.


In the sixties NYU Law School used the code in tax courses.
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 > << ------------------------------------------------->
  #4  
Old 02-17-2005, 01:31 AM
DORFMONT@aol.com
Guest
 
Posts: n/a
Default Re: Regs Online

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 > << ------------------------------------------------->
  #3  
Old 02-13-2005, 11:50 PM
Jennifer D
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Posts: n/a
Default Re: Regs Online

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 > << ------------------------------------------------->
  #2  
Old 02-07-2005, 06:36 PM
cpabakem01@yahoo.com
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Posts: n/a
Default Re: Regs Online

Jennifer D wrote:

- quote -

> 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. :-)


Try this as it is experimental but current:
http://ecfr.gpoaccess.gov/

Milt Baker CPA Michigan

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #1  
Old 02-07-2005, 05:57 PM
Jennifer D
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Posts: n/a
Default Re: Regs Online

- quote -

> You may want to use the following link to a beta test site
> from the National Archives. It's quite good for searches.
> http://tinyurl.com/3n2qv


Thanks!!! I will!

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Old 02-04-2005, 04:50 AM
A.G. Kalman
Guest
 
Posts: n/a
Default Re: Regs Online

Jennifer D wrote:

- quote -

> 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. :-)


You may want to use the following link to a beta test site
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 > << ------------------------------------------------->
  #-1  
Old 02-03-2005, 07:03 PM
Jennifer D
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Posts: n/a
Default Regs Online

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 > << ------------------------------------------------->
 

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