Shepard’s^® Signal Indicators Now Available in IRS Documents

IRS administrative releases, such as Revenue Rulings, Revenue Procedures and Private Letter Rulings are invaluable to tax professionals. LexisNexis now makes these documents even more valuable with the addition of Shepard’s Signal Indicators.

With Shepard’s enhanced treatment of tax administrative rulings, you are now able to easily determine whether a particular administrative ruling  is still valid. Shepard’s Signal Indicators give you a quick and easy visual reading of the IRS release you are viewing to ascertain whether it is still “good law.”

Here’s what each of the Shepard’s Signal Indicators means:

• Warning: Negative treatment is indicated
• Questioned: Validity questioned by citing refs
• Caution: Possible negative treatment
• Positive treatment is indicated
• Citing Refs. With Analysis Available
• Citation information available

Just click on the Signal to view the Shepard’s report for that document.

You can view a Shepard’s Summary at the top of the Shepard’s Report giving you a quick overview of why a document received a particular signal, saving you time by highlighting the most critical information.

Shepard’s for tax helps you streamline your tax research to help ensure you don’t miss critical information!