Covered Opinions and all those opinions….

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    Topic
  • #188755
    Tony
    Member

    I dont even understand this topic, I read the material over and over about covered opinions and im still lost….Can anyone provide the Dummies to Covered Opinion explanation?

    BEC: 73,78 79
    AUD: 60, 60, 70, 80
    FAR: 49, 64, 71, 82
    REG: 68, 68, 73, 78

    DONE.... OMGFG DONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Well 2 ethics tests to take.

Viewing 3 replies - 1 through 3 (of 3 total)
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  • #610851
    Tony
    Member

    wow no one really?

    BEC: 73,78 79
    AUD: 60, 60, 70, 80
    FAR: 49, 64, 71, 82
    REG: 68, 68, 73, 78

    DONE.... OMGFG DONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Well 2 ethics tests to take.

    #610852
    Tony
    Member

    are you serious? no one can shed ANY light on this topic?

    BEC: 73,78 79
    AUD: 60, 60, 70, 80
    FAR: 49, 64, 71, 82
    REG: 68, 68, 73, 78

    DONE.... OMGFG DONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Well 2 ethics tests to take.

    #610853
    rzrbkfaith
    Member

    Covered opinions are written or electronic advices regarding investments or arrangements, with the specific purpose of tax avoidance or evasion. Those are listed transactions, tax shelters, marketed opinions, etc.

    A reliance opinion is no guarantee, but if a taxpayer relies on a reliance opinion (written advice with a confidence level of more likely than not >50% that the matter would be resolved in the taxpayers favor) they will avoid penalties.

    A marketed opinion is a type of covered opinion, but it is used to promote, market or sell an investment or arrangement, where the primary purpose is tax avoidance or evasion.

    Does that help?

    AUD - 99
    BEC - 97
    REG - 91
    FAR - 1/8/16

Viewing 3 replies - 1 through 3 (of 3 total)
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