An acquiescence indicates that the IRS lost a court case and that it has decided to follow the court's ruling in the future.

Name: An acquiescence indicates that the IRS lost a court case and that it has decided to follow the court's ruling in the future.
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An acquiescence is a statement issued by the IRS acknowledging that it will follow the holding of a court decision in future cases. It indicates that the IRS has accepted the court's ruling and will apply it in similar cases going forward.

An Acquiescence Indicates That the IRS Lost a Court Case