Tax Logic: The Foundational Legal Framework
Morris A. Nunes is an attorney in his 42nd year of private practice concentrated in representing businesses and associations. Maury’s law degree is from Georgetown University and he completed undergraduate work at the University of Pennsylvania, where he earned two degrees, with three majors in four years: a Wharton degree in finance and accounting, plus a B.A. in political science. Maury taught in the law schools at Catholic University and Georgetown as well as in Georgetown’s MBA Program. To date he is the author of six books on business and legal subjects, including Basic Legal Forms for Business, Designing Profits and Balance Sheet Management, as well as dozens of articles in professional and financial publications, and minicomputer programs for investment and tax analysis. He is admitted to the Virginia, Georgia, Maryland, and District of Columbia Bars. He is a regular lecturer for continuing legal education programs recognized in most States.
The seminar will explain the law, the underlying legal principals and the logic for both used by tax authorities and by the courts in evaluating, judging and enforcing the law.
Fundamental issues like recognition of income, allowance of deductions, proper and improper capitalization, permissible depreciation and amortization methods, qualifications for credits and differences between civil tax enforcement and criminal enforcement are just some of the areas on which light will be shed.
These principles and their logic apply generally to taxation as it relates to for-profit businesses, not-for-profit organizations, and individuals. Where subtle differences may exist, that possibility will be explored.
Additionally, tips for gathering and preserving adequate documentation and other proof to protect one’s tax position will be offered, as well as information on both practical issues and legal processes as they relate to planning transactions, calculating taxes, filing returns and responding to any challenges by tax authorities or others.
- Identification and explanation of bedrock tax principles
- Identification and Understanding of key Internal Revenue Code provisions
- Presentation of a conceptual framework for recognizing taxability
- Recognition risks, traps, and opportunities relative to taxable events
- Applying tax logic to developing support for tax positions
- Applying tax logic to contest opposition to tax positions
- Applying tax logic to meeting evidentiary standards
- Practical advice for limiting tax risks
Course Level - Basic
Who Should Attend
- Tax Preparers
- Investment Counselors
- Business Consultants
- Bankers Executive
- Business Owner
- Loan Officer
- Tax Manager
- Enrolled Agent
- Tax Official
Why Should Attend
If you pay taxes or file tax returns, shouldn’t you understand the principles behind those processes on which IRS and other tax authorities will judge whether or not you owe more, or even whether you have committed a crime?
Tax law and tax assessments are based on principles of law that are not widely known to the public but are the bedrock for testing and protecting one’s own tax positions and essential for successfully contesting any adverse claim or assessment.
In just 1 hour, this seminar will lay out the principles in straightforward, easy-to-follow, plain English, along with providing tips and ideas to further protect your tax position.