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slugger991
Contributor

Joined: 27 Nov 2009
Online Status: Offline
Posts: 50

Posted: 10 Nov 2011 at 18:06 \| IP Logged

Hey guys,

For those using Becker for REG, I have a question
regarding the research part in the simulation. The
research portion asks for either IRC (stands for internal
revenue code) or TS (I don't know what this is).
Anyways, when I look at the authorative literature, I am
not sure where the IRC or TS codes are or how to
differentiate between the two. I see bunch of Subchapters
with squiggly looking 'S' lines. Can someone please
provide some insight on when to use 'IRC' or 'TS'? For
example, for Chapter 2 simulation research, the answer is
Section 197 Subsection (a) for intangibles amortization.
Do you use IRC or TS on the answer portion? Thank you.

divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 14 Nov 2011 at 05:01 \| IP Logged

TS - Statements on Standards for Tax Services.

You can refer the following link for more details:

http://www.cpaexamnetwork.com/2011/07/how-to-practice-
research-section-in-regulation.html

__________________
Divya - CO State

Passed using Becker Review :
FAR - 04/11/09 - 94
BEC - 05/30/09 - 86
REG - 08/29/09 - 95
AUD - 11/21/09 - 92
Ethics - 2011

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