Vocabulary Words: Representation

  • PRACTICE BEFORE THE IRS
      1. Liability
      2. Tax Avoidance
      3. Tax Evasion
      4. Code of Federal Regulations (CFR)
      5. Actuary
      6. Revenue Agent
      7. Revenue Officer
      8. Fiduciary
      9. Trustee
      10. Receiver
      11. Executor
      12. Beneficiary
      13. Jurisdiction
      14. Power of Attorney
      15. Agent
      16. Due Diligence
      17. Contingent Fee
      18. Unconscionable Fee
      19. Breach of Duty
      20. Clear and Convincing Evidence

  • TAX PREPARERS AND PENALTIES
      1. Information Return
      2. Safe Harbor Rule
      3. Good Faith
      4. Substantial Authority: Reasonable Belief of Success on the Merits
      5. Tax Shelter/Listed Transaction
      6. Disclosure of Tax Shelter
      7. Misrepresentation
      8. Abatement
      9. Statute of Limitations
      10. Fraud
      11. Confidentiality Privilege

  • REPRESENTATION
      1. Decedent
      2. Tax Deficiency
      3. Audit
      4. Principal
      5. Disclosure
      6. Rev. Proc.
      7. Statute of Limitations

  • THE COLLECTION PROCESS
      1. Tax Assessment
      2. Levy
      3. Lien
      4. Stay
      5. Collection Due Process Hearing
      6. Mechanic's Lien
      7. Judgment Lien Creditor
      8. Holder of a Security Interest

  • EXAMINATION OF RETURNS AND THE APPEALS PROCESS
      1. Self-assessment and Payment
      2. Examination
      3. Ministerial or Managerial Acts
      4. Non-acquiescence to Court Decisions
      5. U.S. Tax Court
      6. U.S. District Court
      7. Court of Federal Claims
      8. Circuit Court of Appeals

  • TAX AUTHORITY
      1. Income Tax
      2. Estate Tax
      3. Employment Tax
      4. Excise Tax
      5. Sales Tax
      6. Legislative History
      7. Committee Reports
      8. Treasury Regulations
      9. Treasury Procedures
      10. Precedent
      11. Revenue Letter
      12. Retroactive

  • RECORD KEEPING AND ELECTRONIC FILING
      1. Basis
      2. Remuneration
      3. Substantiation
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