Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) The IRS may retroactively revoke an acquiescence.
B) Letter rulings are binding only with respect to the taxpayer requesting the ruling.
C) The acquiescence policy was adopted by the U.S. Tax Court to permit litigating parties to agree on the exact amount of the tax due.
D) The small cases procedure of the U.S. Tax Court allows a less formal hearing but provides for no appeal.