Using theAICPA Journals

and theCCH Tax Service

2009

Before getting into the guidance for using the tax service, lets cover how to get to the AICPA Journals.

AICPA.org

Note the following

Journal of Accountancy

The Tax Adviser

Weekly News Updates

Read current and archived editions

Assume you are writing about charitable contributions.

Look in the Subject Index of The Tax Adviser and you will find that the journal has

11 articles in 2008 about some aspect of charitable

contributions. (You can also check index for past years.)

Here is how to log into the CCH Tax Service.

http://tax.cchgroup.com/pri

mesrc/bin/login.asp

These are major divisions

Lets begin using the CCH service by finding some

journal articles in

Taxes-The Tax Magazine

by CCH

Journal table of contents

Lets look at the last article.

Now lets look at some practice tools.

Our journey will lead us to some great information

about how to choose a business

entity, and of course many other

helpful topics.

Assume we want to read the actual legal documents – Internal

Revenue Code, Regulations, Rulings

Court cases.See next slide.

The graphic shows how you drill down to deeper levels of detail to get to a Code Section, etc.

You can identify a search term, (such as “capital gains”) check the box next to the part of the tax database you want to search (tax cases, etc.) enter your search term, possibly give dates such as “after January 2, 2009,” etc, then get a list of documents containing those terms.

The remaining screens are for the benefit of Tax Research

Class Members.

There will be a question on the 2009 final exam about a

net operating loss carryback.Goal, be able to answer a straightforward question about a local corporation

that has a major operating loss in 2009, and operated at break-even in 2007 and 2008.

Related goal.Understand the importance

of the Code Section,Committee Report,

Regulations (not yet updated), and

IRS documents such as Revenue Procedure 2009-52.

Also, tax newsletters.(We don’t yet have court cases.)

You will be responsible for printing your own copies of

the documents shown on the next few pages.

You can bring them and use them on the test.

At a minimum, you should print Section 172.

The quantity of information mentioned on the following slides may suggest that you

will have a very long test question. Not So.

It will be a basic question, and will not require a long

answer.We often read a lot to be able to answer a short question.

Corporations and other taxpayers have experienced

staggering losses.This new provision of the law

will be important for you to know about beyond the

current year.

The following screen shows the path to the CCH news item about

the recently passed amendments to the net

operating loss provisions.

The following slide shows the path to the Standard

Federal Tax Reporter

The following slide shows the path in the Standard Federal Tax

Reporter to Code section 172.It also shows the

legislative history for Section 172

The following slide shows the path to current

developments including Revenue Procedure 2009-52, containing guidance on how to take advantage of the new

law.

This PowerPoint file gives you some guidance on starting and using the

AICPA Journals and the CCH Tax Service. You will

learn by doing.Let me know if you find it

helpful, of if you find something that needs to be Improved. Howard Godfrey