The Use of Generally Accepted Accounting Principles (GAAP) in Tax Litigation
Advances in Taxation
8 Pages Posted: 1 Dec 2013
Date Written: November 1, 2001
Generally accepted accounting priniciples (GAAP) have been raised in tax court cases by both the IRS and the taxpayer. This paper identifies which GAAP issues the parties to a tax law suit have raised in past cases, which issues the courts considered, and whether the GAAP analysis helped the taxpayer. The results will help the IRS and future taxpayers in determining when and how to use GAAP materials in a tax case.
Keywords: GAAP, tax litigation, litigation strategy
JEL Classification: K34, H26
Suggested Citation: Suggested Citation