Eddy Falls is considering litigating a tax deficiency of approximately $229,030 in the court system....
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Accounting
Eddy 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. 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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