How the US Supreme Court rules on a fishing legal dispute could limit the IRS’s ability to issue regulations aimed at answering key questions that go unaddressed in legislation, and threatens to bring on a slew of taxpayer challenges to administrative action.
The 40-year-old principle that says federal courts should defer to agency interpretations where the law is unclear—also known as Chevron doctrine—is in limbo as the Supreme Court hears arguments in Loper Bright Enterprises v. Raimondo Wednesday.
A stripped-down Chevron could bring in an influx of taxpayer challenges to the courts. Controversial decisions where the IRS flexed its regulatory ...
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