Discussion Question 2-15(LO.1,5) Edmund Falls is considering litigating a tax deficiency of...
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Accounting
Discussion Question LO
Edmund Falls is considering litigating a tax deficiency of approximately $ in the court system. He asks you to provide him with a short description of his alternatives, indicating the advantages and disadvantages of each court.
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a Indicate to which courts the following statements apply: the US Tax Court, a US District Court, or the Court of Federal Claims by selecting "Yes" or No for each court.
US Tax Court US District Court Court of Federal Claims
Requires payment of deficiency before trial.
Appeals go to the court of appeals for the federal circuit.
Hears tax cases only.
Only one court nationwide.
Jury trial available.
Each state has at least one; therefore, this forum minimizes the inconvenience and expense of traveling for the taxpayer and his or her counsel.
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