Ethical responsibilities to ensure compliance with tax laws and fairness in tax administration

Article Abstract:

The Chief Counsel of the IRS discusses ethical rules applying to government lawyers and tax consultants. Government lawyers have a duty to interpret tax law fairly and with an eye toward congressional intent. Private practitioners have a duty to give their clients full and complete opinions on the possible consequences and legality of clients' tax planning.

Tax Administration, Standards, Legal ethics, Speeches, lectures and essays, Transcript, Government attorneys, Advisory opinions, Williams, B. John, Jr.

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Types of compensation qualified as "performance-based" under Code sec. 162(m)

Article Abstract:

Executive compensation which qualifies under IRC section 162(m) as performance-based is deductible by payee employers. Various types of compensation plans may qualify, but stock option plans are most frequently acceptable. The specific procedures and rules for qualification that must be adhered to and met encourage particular types of plans more than others.

Employee Compensation, United States, Compensation and benefits, Executives, Executive compensation, Tax deductions

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Guidelines for a conscientous and effective tax practice

Article Abstract:

Conscientous tax advisers consider the business purpose of a transaction first and make tax advice based on that, rather than simply trying to sell their clients on tax shelters. The proposed tax shelter listing regime could go a long way toward encouraging conscientous practice in this area.

Management dynamics, Other Financial Vehicles, Investors, not elsewhere classified, Tax Shelter Investment Svcs NEC, Practice, Tax shelters

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