Home      Login


Tax Court Resolves Procedural Issue in Credit Card Late Fee Case, But Discusses the Substantive Issues  


Author:  .


Source: Volume 22, Number 02, November/December 2008 , pp.54-57(4)




Journal of Taxation and Regulation of Financial Institutions

< previous article |next article > |return to table of contents

Abstract: 

The court concluded that the taxpayers had not received consent from the IRS to change their method of accounting, and that the retroactive change they sought was therefore an impermissible change in method under Section 446(e) and Reg. 1.446-1(e)(2)(ii)(a).

Keywords: Form 3115; Section 1272(a)(6)(C)(iii); Grace Period Interest; Cash Advance Fees; Overlimit Fees; Annual Fees; Interchange Fees; Late Fees

Affiliations:  .

Subscribers click here to open full text in PDF.
Non-subscribers click here to purchase this article. $20

< previous article |next article > |return to table of contents