Tag Archive for Tax Advisory Opinion Letter

How To Write A Tax Advisory Opinion Letter

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Circular 230 tenets certainly should be admonished when you undertake writing a tax advisory opinion letter. But the IRS guidelines does not explicitly detail the elements of such an undertaking. Allow me to share my approach.

First, I do not write tax advisory opinion letters to promote ventures or where I may be found to have a conflict of interest. The courts take a dim view of the independence of such opinions as well.[1] That being said, allow me to share my format. Chime in with your two cents so this issue may be publicly vetted.

I am a tax planner. I do not prepare the tax returns of taxpayers who benefit from my tax advisory opinion letters.[2] The purpose of the tax advisory opinion letter is to provide Read more