IRS APPROVED PROVIDER OF CONTINUING EDUCATION FOR ENROLLED AGENTS & CPAs
Do not make the mistake of focusing your attention on the FRE. You must learn which rules among the FRE are applicable to Tax Court practice and how and when to use them. Tax Evidence is tricky so it must be presented so that the relationship between these rules are made clear. This is a course on which one should proceed cautiously. If you do not learn how to correctly read a rule then you could be taken down a wrong path and do poorly on the exam.
You must master these rules and commit them to memory so you do not waste time looking them up. They are logical and straight-forward and often string together. If you master these rules, you will gain a better understanding of Evidence and the Substantive Tax Law surrounding Tax Court jurisdiction and more.
Even though Legal Ethics is worth just 10% of the overall grade, applicants fail this section because they don't take the time to truly learn the rules and their relationship to each other. What you may assume to be true about what a lawyer (United States Tax Court Practitioner) is allowed to do and not do is going to be most likely incorrect. These are very strict rules that came about after Watergate and the country learned that even the country's top legal officer was in fact not above reproach. You must learn these rules in the order in which they are presented. Do not make the mistake of glossing over them. You could flunk the exam as a result.
The Substantive Tax Law section is known to be the most problematic of all the exam parts. It is truly comprehensive. It is also worth 40% of your overall grade. You must know Federal Individual Income Taxation, Partnership Tax, Corporate Tax and Taxation of Estates and Trusts. You must also have read all important cases and opinions dating back to the administration of the prior exam. Further, you must have a thorough understanding of Tax Court jurisdiction, Statutory Notice of Deficiency and the Petition for Redetermination. And there's more...
Even though you've worked in taxes for a long time, you would be surprised to discover how much you don't know. This course may enlighten you. Without a thorough understanding of individual taxation you have no hope of passing the exam. Spend the time and take this course. You'll be glad you did.
Unless the focus of your practice has been on the partnership and corporate domain, it is imperative that you take this course. Partnership and corporate tax questions appear on the exam and they're usually worth 8-10 points. Answering them correctly can make the difference as to whether or not you pass the Substantive Tax Law section.
Tax Law Institute
1717 N Street NW Washington DC 20036
Copyright © 2001-2021 Tax Law Institute Inc. - All Rights Reserved. The Tax Law Institute is an IRS Approved Provider of Continuing Professional Education (CPE), RS7E4, in Federal Tax Law and U.S. Tax Court Litigation and Trial Practice. TLI is authorized to prepare federally-authorized tax professionals who may claim the federally authorized tax practitioner privilege. Under the law, the term "federally authorized tax practitioner" (FATP) means an individual authorized under Federal law to practice before the Internal Revenue Service where the practice is subject to Federal regulation under 31 U.S.C. § 330. The Tax Law Institute has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 C.F.R., § 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Send mail to - Registered Agents Inc. for the Tax Law Institute Inc. - 1717 N Street, N.W., Ste. 1, Washington, D.C. 20036. Telephone +1.202.403.0599.