LexisNexis Publishes Tax Advisor–Federal Code; Third Major Release Since Tax Center Launch Mid-2006

Code-based tax content complements federal topical material

NEW YORK, NY, September 27, 2007 - LexisNexis, a leading global provider of information and services solutions, today announced its third major tax product release, LexisNexis^® Tax Advisor-Federal Code offering more exclusive content from multiple publishers than what's currently available to the corporate tax and accounting market.

Launched on the heels of LexisNexis^® Tax Advisor—Federal Topical, this newest release on the award-winning Tax Center platform integrates interpretive information and the relevant section of the Internal Revenue Code. LexisNexis Tax Center allows tax professionals to streamline research by providing the widest array of publishers on one easily navigable interface. No other online tax research product in the market offers the breadth of leading tax publishers found on Tax Center.

Since April 2006 when Tax Center first launched, LexisNexis has invited tax experts to contribute to and greatly augment the Tax Center collection of treatises, case law, regulations, rulings and opinions already available at state, federal and international levels on Tax Center. The award-winning platform features proven strategies and practical insights from leading authorities in the field.  This further positions Tax Center as the predominant research platform featuring expertise from outside sources rather than in-house editors.

In 2006, LexisNexis listened to tax professionals and launched LexisNexis Tax Center.This latest release demonstrates our commitment to deliver the most authoritative content available to the broadest spectrum of tax professionals on one proven platform,” said Charles Ter Bush, Vice President and Managing Director, Tax and Accounting at LexisNexis.“Our ultimate focus is to help streamline productivity with a trusted research solution. What LexisNexis brings is a proven track record in legal publishing, supported by Matthew Bender^® that is the backbone for our strength in tax.”

Original content developed and released on Tax Center since last April includes State Tax Practice Insights with 41 states online by October as well as multi-state charts; the Tax Advisor – Federal Topical product; new accounting information including exclusive offering of Ernst & Young International GAAP Online; a FIN 48 treatise and FASB/GASB information.

Tax Advisor—Federal Code is an important link for users of Tax Center in that it organizes federal tax content from a code perspective, useful when practitioners already know the specific IRC sections they want to research. Tax Advisor—Federal Code offers access to 1500+ Internal Revenue Code sections complemented by 6,500+ total explanations.

Wide Array of Published Data

Users of LexisNexis Tax Center can access an array of tax content from multiple publishers including LexisNexis, BNA, CCH, Tax Analysts and Matthew Bender. Integrated into Tax Center is the premier Shepard’s^® Citations Service.Shepard’s Signal^TM indicators are one of the premier research tools on LexisNexis Tax Center not offered on any other tax research platform. With the exclusive Shepard’s Signal, users know instantly if cases and code sections are still good law and IRS rulings are still valid.

The citations service provides annotated statutes, law reviews, periodicals, treatises, briefs and primary sources as reference to decisions and rulings. In addition, there are practice perspectives and the most current legal and news information to navigate IRS rulings, regulations and case law. The unprecedented comprehensiveness of the data available via LexisNexis Tax Center helps remove users’ concerns about missing data or research.

Other leading publishers also have a presence on Tax Center including Kleinrock, Wiley, PLI, ABA, along with conference papers from NYU, USC, and Heckerling Law Reviews and AICPA sources.

Ease of Navigation

Exclusive to Tax Advisor - Federal Code is the left navigation pane which serves up related content, such as regulations, explanations, legislative history, annotations, analysis and recent developments, with convenient bidirectional links that allow researchers to move seamlessly between documents and further streamline the research process.By launching Tax Advisor;Federal Code, tax professionals can begin a search of Internal Revenue Code sections then quickly navigate to this additional relevant content.

The innovation behind Tax Center has to do with listening to and then meeting the needs of our customers. What we’ve heard repeatedly is that people want to feel confident they are not missing critical information during a search,” said Ter Bush.Our goal is to continually refine and update Tax Center content to ensure we retain our customers confidence.

Tax Advisor -  Federal Code complements Tax Advisor - Federal Topical, a 35-volume online library with nearly 500 chapters of collective wisdom from an army of 140 leading CPAs, tax attorneys and professors. Among the chapters are thousands of links; citations along with critical cross-references to terms as well as 24/7 online research support complemented by a team of tax attorney editors. The combination of both federal topical and federal code information on one interface lends critical context to overall tax research; it also helps alleviate the potential for missed information.

About LexisNexis

LexisNexis^®www.lexisnexis.com) is a leading global provider of information and services solutions, including its flagship Web-based Lexis^® and Nexis^®research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide.