Codification of Economic Substance Affects All Tax Practitioners
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Authors
Fowler, Gregory M.
Mattson, Andrew M.
Bresnahan, James F
Issue Date
2011 , 2011
Type
Journal Article
Article
Article
Language
eng_US
Keywords
Taxation
Alternative Title
Abstract
The article discusses the uncertainty surrounding the codification of the economic substance doctrine and its impact on the professional practice and obligations of certified public accountants (CPAs) in the U.S. in August 2011. It says that the doctrine's codification affects the Circular 230 obligations of practitioners, which urge the establishment of best practices when performing before the Internal Revenue Service (IRS). The terms of the economic substance doctrine are also discussed.
Description
Citation
Gregory M. Fowler, Andrew M. Mattson, James F. Bresnahan II, Codification of Economic Substance Affects All Tax Practitioners, 42 Tax Adviser 540 (2011) (Thomas J. Purcell III, ed.).