A Limit On The IRS’s Prerogative To Change Its Mind: Reliance On A Prior No-Change Letter As A Defense To Penalties
By Megan L. Brackney Journal of Passthrough Entities May-June 2016 Edition It is the IRS’s prerogative to change its mind. The IRS can conclude the audit of one tax year with no change and then make adjustments in a later tax year on the exact same