What is the difference between a Tax Court regular decision and a Tax Court memorandum decision?...

Question

Question

What is the difference between a Tax Court regular decision and a Tax Court memorandum decision? Whst are the similarities?

business accounting

Answer 1

Answer #1

Difference between tax court regular decision and tax court memorandum decision.

Tax court regular decision :

These are such decisions which are presumed to have value and involves all such issues which were not taken into consideration previously.
These decisions are always considered to be stronger than the memorandum decisions.
These decisions are officially considered and are taken by entire court en benc. Also these decisions are officially published in US tax Code reports.

Tax court memorandum decision :

Memorandum decisions are said to be decision before the case is actually settled.
These decisions are not strong enough and can be challenged or changed as compared to regular decisions.
These decisions are not officially published as it doesnot involve noble legal issue.

Similarities

Both the decisions weather regular decision or memorandum decision have a value and are legally recognised.
Even though the memorandum decision is can be challenged but it is considered to be a valid decision same as regular decision.
Both memorandum and regular decision are taken by official authorities.

Answer 2

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