Video: Interacting with the IRS: Tax Positions, Audits, Appeals and Judicial Process - Practice Questions

In this lesson, Nick Palazzolo, CPA, dives into the procedural aspects of tax litigation, offering a comprehensive approach to preparing for potential tax disputes. He adeptly dissects multiple choice questions pertaining to the courts of original jurisdiction for tax matters, providing easy-to-remember tactics for identifying the correct courts that handle such cases. Nick also breaks down the assurance a taxpayer might seek when contemplating a complex transaction, clarifying the differences between revenue rulings, technical advice memorandums, general counsel memorandums, and private letter rulings. With a dynamic and engaging style, he reinforces the importance of familiarity with these concepts, urging consistent practice and dedication to mastering the material.