New Opportunities for Challenging Dubious Treasury Regulations
March 8, 2016
In recent years, the Supreme Court has been very active in addressing whether agency regulations are valid under its venerable decision in Chevron U.S.A. Inc. v Natural Resources Defense Council, Inc. (1984). These recent decisions, often rendered in a non-tax context, have been increasingly rigorous in setting out, or applying, the legal standards for validity and deference. In the wake of its Mayo Foundation (2011) decision, Treasury Regulations are not "special" - that is, they are subject to the same standards for validity as regulations issued by other federal agencies. Tax practitioners who work with Treasury Regulations are well-advised to have an up-to-date understanding of the trans-agency standards for validity and deference. This webcast will cover the highlights of the Court's recent decisions.
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