What Is the First Step in the Tax Research Process

question 58

Multiple Choice

What is the first step in the tax research process?

• A) Discover all the facts relevant to the taxpayer's transaction.
• B) Decide which tax library to use.
• C) Decide whether to read primary or secondary authority.
• D) Formulate a precise research question.

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Definitions:

Important Aspects

Key elements or factors that are of significant importance or relevance to the understanding or success of a topic or project.

Chamfer

A transitional edge between two faces of an object, often created at a 45-degree angle to reduce sharp edges.

Abbreviation

A shortened form of a word or phrase.

Auxiliary Views

Extra views on drawings, usually orthographic, used to show features that are difficult to portray in the main views.