Financial professionals are inundated with new information about the Internal Revenue Code on a daily basis. While it’s easy to dismiss unreliable social media posts or obscure websites, it becomes much more challenging when conflicting information comes from respected, authoritative sources. For example, is a court decision about a tax issue more important than information directly coming from the IRS? What happens if information from the IRS is inconsistent with the law? And is there ever a time when you can rely on information given by the IRS to another taxpayer? This session takes a deep dive into secondary sources of tax authority. Examine common conflicts, explore how to weigh different types of guidance, and discuss practical strategies for resolving uncertainty. Clarify the distinctions between giving tax advice, preparing a tax return, and taking a position on a return to help you navigate these situations with confidence and precision.
Speaker: David Peters, CPA, CFP, ChFC, CLU, CPCU, CGMA, MST | Peters Professional Education
