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...

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