TAX RESEARCH - Review two sources that discuss the different types of tax authority (specifically primary and secondary sources).
Create a 700- to 1,050-word (at least meet the minimum words) document that addresses the following:
What are the two different categories of tax research (open and closed transactions)?
Of the two known sources, primary & secondary, which has more authority? Explain your answer.
Give three examples of primary and secondary sources, discuss where you can find the sources, whether they are paid or free sources, and what kind of information you will find about a given tax situation.
Provide two references.