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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