Loper Bright Supreme Court Decision: Opportunity to Reassess Tax Positions

The Loper Bright case, decided by SCOTUS at the beginning of July, and which overruled its 1984 decision in Chevron v. Natural Resources Defense Council, Inc., represents a generation change in the importance of all Federal regulations from those issued under antitrust legislation to those under the Internal Revenue Code.  The decision reclaims for the courts the authority to determine what statutes mean and not what a Federal agency (such as the IRS) claims what they mean, by the issuance of regulations.  This enhances the power of taxpayers to challenge the IRS on many fronts.  The importance of this decision cannot be overemphasized.  Practitioners need to be aware on what they need to do in light of Loper Bright. It may be advisable to file claims for refund on prior returns. Which Regulations might be affected? What are the issues practitioners will face with this new development? This presentation will arm you with the information you need to best represent clients on all tax matters. Don’t miss it.

Speakers: Mitchell Gans, Jonathan Blattmachr, Bob Keebler and Martin Shenkman

Sponsors: Interactive Legal (ILS) and Peak Trust Company

*This may constitute attorney advertising.

* No CPE, CLE, etc. is offered but a certificate of attendance will be provided.