Research Tools

Question 1

What are the 6 most common resources you can use when researching the taxability of items?

Answer 1

• Internet
• IPT
• Colleagues
• Tax Services (CCH, Bloomberg, etc)
• Newsletters
• State DORs

Question 2

What are the 3 steps to convey research findings?

Answer 2

• Understand the questions
• Look for the answer
• Convey your findings

Question 3

What are the 4 C’s to keep in mind when writing a tax research memo?

Answer 3

• Be clear
• Be concise
• Be complete
• Be correct

Question 4

What are the 5 steps you should take when trying to understand the research question?

Answer 4

1. Define the problem in simple terms.
2. Write specific research questions.
3. Get all of the facts.
4. Ask questions. (Who, what, when, where and why)
5. Revisit your research questions.