While many tax professionals are aware of the general tax resources available on the Internet, this course focuses on the expanding electronic resources for estate planning. Whether it is historical stock quotes, cusip numbers or just access to the Code, the Internet now offers a wealth of information, research tools, and calculators specifically designed for the estate planning practitioner. These resources permit the tax professional to not only better serve their clients but to network with fellow practitioners, market their services and become more cost-efficient.
Delivery Method: Online Interactive Self Study
Prerequisites: General understanding of federal income taxation.
Advanced Preparation: None
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Author: Danny Santucci
Field of Study:
Passing Score: 70%
Publication Date: 04/15/2016
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Chapter 1: Estate Planning & the Internet
1. Recognize ways that the Internet is changing the tax and legal professions so that adaptations can be made efficiently, recall the evolution of the Internet noting contributing organizations and determine the differences between the Internet and the World Wide Web.
2. Identify Internet resources safely and state how to use them by:
a. Specifying basic parts of an Internet connection noting how to optimize the connection and the various ways to connect to the Internet discerning their various speeds; and
b. Determining what browser software allows users to do including how the browser retrieves Web documents or pages.
3. Determine how to "Surf the net" by typing a URL into an address bar identifying the function each part of the address, specify how to securely and politely send and receive e-mail with attachments, choose mailing lists and newsgroups, and identify ways to improve Internet performance including starting with a blank page or by using multiple windows.
4. Cite the strengths and weaknesses of researching on the Web, identify the best way to research tax issues, and locate legal and tax resources on the Web using various online law libraries and site lists.
5. Identify several tax-planning resources for current federal and state law, locate Web articles, commentaries and treatises on tax and estate law, determine how to stay up to date with current developments in tax and estate planning by finding related Web newsletters, and specify the connection between Usenet newsgroups and how they can be used for tax planning purposes.
6. Determine how to prepare and file federal tax forms using the IRS's helpful Web sites and use specialize search tools, and locate an all-in-one site for a case, legislation and regulation search.
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