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IRS Payment Allocation Ruling by Scribd Government Docs is a document available to read on EtoBox.

What is IRS Payment Allocation Ruling about?

This document is a summary of a 1992 appellate court case regarding whether the IRS can apply undesignated tax payments from a corporation to whichever tax liability it chooses. The court held that when a taxpayer makes a voluntary payment without indicating how it should be applied, the IRS may apply it to whichever liability it wants, including trust fund taxes and non-trust fund taxes. This is consistent with prior case law and IRS policy. The plaintiffs argued a recent Supreme Court case altered this ru

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Scribd Government Docs

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EN