Question: Can the IRS change its position on acquiescences or nonacquiescences
Can the IRS change its position on acquiescences or nonacquiescences?
Answer to relevant QuestionsMust the IRS acquiesce or nonacquiesce to every issue in a court decision? What is an IRS announcement? When is it used? In your opinion, could a tax practitioner rely on an IRS announcement as authority for a tax return position? Read and summarize Announcement 2010-28. Distinguish among a regular, memorandum, and summary decision of the Tax Court. Name the three court case reporters that publish tax and non-tax district court decisions. Illustrate the elements of a citation that might be found in each reporter. Explain what each part of the citation means.
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