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For an opinion to be a covered opinion:


a.

The practitioner issuing the covered opinion must be knowledgeable in all aspects of federal tax law and may not rely on the opinion of any other practitioner for parts of the opinion.

b.

A written advice subject to contractual protection is one where the practitioner has a written contract to issue the written advice.

c.

The practitioner issuing the covered opinion must be knowledgeable in all aspects of federal tax law relevant to the opinion being rendered and may rely on the opinion of other practitioners for part(s) of the opinion, with identification of the other practitioner's opinion and conclusion.

d.

The practitioner issuing the covered opinion must be knowledgeable in all aspects of federal tax law relevant to the opinion being rendered and may reasonably rely on the opinion of other practitioners for part(s) of the opinion. No identification should be made of the other practitioner or the other practitioner's opinion since the original practitioner is responsible for the entire opinion.

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