Four Federal Cases Tax Practitioners Must Watch in 2024

Tax Controversy and Litigation attorney Mary McNulty was quoted in a Bloomberg Law article about the four U.S. Supreme Court cases that tax practitioners should track in 2024. Ms. McNulty examined the Loper Bright Enterprises v. Raimondo case and how the Chevron doctrine could affect the court's decision. This doctrine allows courts to grant administrative agencies deference to interpret ambiguity in statutes they're responsible for enforcing. The Supreme Court will hear arguments about whether the National Marine Fisheries Service can demand that domestic fishing vessels pay salaries to federal observers who oversee their operations. Ms. McNulty commented on how the outcome of the case could affect federal agencies like the IRS and U.S. Department of the Treasury.

"I think the IRS would view it as a really big deal," Ms. McNulty stated. "The IRS and Treasury believe that their regulations comply with the plain language of the statute. People have different interpretations, and when there's deference to the IRS, it makes it a lot harder for taxpayers to challenge that."

READ: Four Federal Cases Tax Practitioners Must Watch in 2024 (Subscription required)