Sourcing Tax Law - Directly to the Code (The US Code that is)

The Laws of the United States are called the United States Code, the Codification of the Laws form the Government we know and appreciate so much as Our Democracy. In the wake of the Debts and Deficits its a good time to be more familiar with the Laws, Accounting, Regulations and more that Form our National Government. Since we are so close to the close date of 2010 Individual Income Tax Season it makes sense to consider about how our Taxes fit in the Larger Picture of our Government as Funding and one of the moveable levers of the Deficit and Debt. One angle of this study deals with consideration of US Code Title 26 - The Internal Revenue Code.

The Internal Revenue Code is a considerable body of work as all are generally aware but immediately on arriving at the Code you find Subtitle A which covers Income Taxes at the Individual and Corporate Level, Subtitle B for Estate and Gift Taxes and Subtitle C for Employment Taxes and you are off to a pretty good start on the Tax Code in terms of reading material. We are having alot of fun researching the Tax Code, and other governmental laws and regulations at all levels so as time goes by we will share some more with you at this and other levels. Accounting, Taxation and Regulation all find some basis in Law and thankfully we were very well trained at Pace University and in other life's experiences to get right to the Law of the Matter. While we are not Attorneys, we do enoy reading Legal Docs from an Accounting Perspective when we get the chance (some more than others certainly).

Referrals: If you have need of Attorneys for Tax, Corporate Law or other needs we can help you connect to Attorneys so ask us if you need someone and we will share some names for Attorneys. Also we are very open to meeting new attorneys dealing with M&A, Private Equity, and othe Finance driven areas, Corporate Law, Government Law and other areas where their may be opportunities to work together looking forward.

The High Cost of Law School: Lately I have had a strong interest in Law School for the value the knoweldge brings in analysis of Business and Governmental Laws as well as awareness of many related issues. Law School in these times becomes cost prohibitive, but not if sponsored situations exist. As a CPA in pursuit of the CFA designation and with Financial Services expertise and natural abilities in Research - I would be a good candidate for a sponsored Legal Education. I have a big interest in helping to make things better for us where we can and the extra Legal Expertise would be a plus. You never know what can happen when you put the idea out, so here it is JIC. I believe that in this day and age you need law school in all states - but if there is still  a State you can directly take the Bar in, I'd be interested to know that.