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 formal statement by the IRS that it will follow a court's decision in future cases. It is issued when the IRS has lost a case and chooses not to appeal or when it decides to accept a court's decision after an unsuccessful appeal.

An Acquiescence Indicates That the IRS Lost a Court Case