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?Discussion Question 2-15 (LO. 1, 5)Edmund Falls is considering litigating a tax deficiency of approximately $229,030 ?in the court system....

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Accounting

?Discussion Question 2-15 (LO. 1, 5)

Edmund Falls is considering litigating a tax deficiency of approximately $229,030 ?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 court(s) ?the following statements apply: the U.S. ?Tax Court, a U.S. ?District Court, or the Court of Federal Claims by selecting "Yes" or "No" ?for each court.

? U.S. ?Tax Court U.S. ?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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