The IRS Approach to Periodic Adjustments: Losing Bet or Royal Flush?

Authors

Jeffery M. Kadet, University of Washington School of LawFollow
Reuven S. Avi-Yonah, University of Michigan Law SchoolFollow
David G. Chamberlain, California State Polytechnic University, San Luis ObispoFollow
Stephen L. Curtis, Cross Border Analytics

Document Type

Article

Publication Date

2025

Abstract

In this article, the authors argue that GLAM 2025-001 is consistent with the terms and purposes of the commensurate with income provision, relevant legislative history, and applicable case law and that the IRS approach to commensurate with income enforcement is a valid application of discretion delegated by Congress to the Treasury under Loper Bright.

Comments

Reprinted with the permission of Tax Analysts.

Recommended Citation

Kadet, Jeffery M., Reuven S. Avi-Yonah, David G. Chamberlain, and Stephen L. Curtis. "The IRS Approach to Periodic Adjustments: Losing Bet or Royal Flush?" Tax Notes Federal 189, no. 2 (2025): 241-265.