Pros And Cons Of Golsen Rule

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b.) Golsen rule is a judicial ruling pertaining to the jurisdiction of the United States Tax Court. Under this rule, Tax Court has to follow the precedent consistently with decisions of the circuit court where the taxpayer resides or does business. So, if a client lives in Texas, the Tax Court will not follow the Tax Court’s preceding decision, but follow the decision of the Fifth Circuit Court of Appeals to decide for the government decision.