IRS Won't Apply Appeals Court Rulings To Most Taxpayers

Law360, New York (April 7, 2017, 7:21 PM EDT) -- Two separate court rulings in which the IRS suffered a defeat over tax breaks and an accounting method used by real estate developers and a retailer will not be applied to most other taxpayers in similar situations, the revenue agency said Friday.

The Internal Revenue Service said in its weekly bulletin that even though it sought no further review of the court decisions, it disagrees with them and “generally, will not follow the decision in disposing of cases involving other taxpayers.”

One of the cases, out of the U.S. District Court for the Western District of Louisiana, centered on whether Stine...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!