We are pleased to announce that Lacey Strachan and Michael Greenwade have published an article, “Close It Out — Past, Present & Future,” in the February issue of Los Angeles Lawyer Magazine. In 2021, the Tax Court ruled against the IRS in Crandall v. Commissioner, holding the IRS to the finality of a closing agreement. This article discusses the Crandall case and the importance of closing agreements as a potentially strategic tool for taxpayers to use to resolve issues with the IRS. The article includes a discussion of the possible uses of closing agreements, procedural requirements, and pitfalls to be aware of.
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