[Tony]

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.

[Tony]

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.

[Tony]

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.

[rzrbkfaith]

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

[Author]

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