Which of the following statements about an acquiescence is correct?
A) An acquiescence is issued in the Federal Register.
B) Acquiescences are published only for certain regular decisions of the U.S. Tax Court.
C) An acquiescence is published in the Internal Revenue Bulletin.
D) The IRS does not issue acquiescences to adverse decisions that are not appealed.
E) All of these are correct.

Question

Quizplus · Accepted Answer

An acquiescence is a formal statement by the IRS indicating its agreement with a court decision, and it is published in the Internal Revenue Bulletin, not the Federal Register. This publication serves as a way for the IRS to inform the public and its staff of its position on specific tax issues, including those decided in court.

Which of the Following Statements About an Acquiescence Is Correct