Today's issue of TL NewsWire covers a new online tax research service with flat pricing for full access (see article below), a foldable Bluetooth keyboard, a wireless flash drive, and a mobile app for capturing your billable time on the go. Don't miss the next issue.
START AND FINISH YOUR TAX RESEARCH HERE
When conducting tax research, sometimes you want a simple search box while other times you want a helping hand. Most importantly, you want peace of mind that you're searching all the relevant sources you could possibly need. A new online tax research service aims to offer this at a flat, all-inclusive price.
Lexis Advance Tax … in One Sentence
Launched recently, Lexis Advance Tax is an online tax research service for tax lawyers and other tax professionals.
The Killer Feature
Lexis Advance Tax consists of nearly 1,400 sources, including primary law, treatises, and news. Regarding the latter, the service includes exclusive access to tax news and analysis from Tax Analysts. You can create customized email alerts for tax issues of interest to you. For example, you can create an alert for a section of the Internal Revenue Code (IRC), a client, etc.
Three daily publications — Tax Notes Today, State Tax Today, and Worldwide Tax Daily — enable you to monitor developments in federal, state and local, and international tax law respectively. Each publication has a corresponding daily email alert that you can elect to receive with headlines and live links to the most notable 6-8 stories.
Other Notable Features
Lexis Advance Tax enables you to search the Lexis Tax Advisor — Federal Code Reporter by IRC section. The text of the code section occupies most of the screen, while a vertical navigation bar on the left provides immediate access to key related content (both primary law and analytical sources). Related content includes proposed, temporary and final Treasury regulations, legislative history back to 1954 (including excerpts from key Congressional committee reports explaining each change), explanations of each subsection and tax-planning tips written by Matthew Bender authors, case annotations, and more.
Among the content highlights, Lexis Advance Tax includes administrative decisions and case law, Lexis Tax Advisor — Federal Topical (a 550-chapter treatise on federal taxation), Shepard's Citations Service, and a forms library with sample documents for use in estate planning, probate, and estate administration. It also includes more than 80 treatises from Matthew Bender and others covering specific areas of tax law such as Rhoades & Langer, U.S. International Tax; Federal Income Taxation of Corporations Filing Consolidated Returns; and Federal Taxation of Inventories. If needed, you can add CCH tax materials and Law360 to your Lexis Advance Tax plan.
When you conduct a search, you can restrict the results to one or more sources or search the entire federal, state and local, or international databases. Designed with the help of a committee of leading tax lawyers and beta tested by a team of 15 tax lawyers, Lexis Advance Tax works in all major desktop and mobile web browsers. Additionally, you can access it through the Lexis Advance iPad app if you prefer. Lexis Advance Tax uses the same login credentials as Lexis Advance, enabling you to seamlessly switch between the two services.
What Else Should You Know?
"Getting tax ramifications right every time is absolutely vital for a tax practitioner's success," LexisNexis Managing Director of North American Research Solutions Sean Fitzpatrick tells us. "Lexis Advance Tax gives them the confidence to deliver advice thanks to its current industry news and vast collection of federal, state, and international authorities in one convenient platform — a combination you can't find anywhere else." Learn more about Lexis Advance Tax.
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