Question

1. What factors would cause you to spend more time researching a tax question for one client than another?

Answer 1

Solution:

The factor that causes to spend more researching a tax question for one client than another is as follows

1. Recent Amendment in Tax laws is one the main factor because if the client transaction includes a transaction which attracts the new amendment then finding the all relevant tax implication of such amendment on client need to workout.

2. The transaction which involves a question of law like whether the expenditure incurred by the client is allowable expenses under current tax law in such a case we need to run through and analyze the previous case laws and judgments of the tribunal, federal and supreme courts to better understand the tax implications.

3. The complexity of the transaction undertaken by the client like capital gain or loss transactions also calls for extra time to invest in analysis and calculation of all impacts of tax laws on such transactions.