[ILLUSTRATION OMITTED] The Eighth Circuit reversed a district court and held that where a partnership paid a penalty under a closing agreement with the IRS, a partner in the partnership did not have standing to sue for a refund of part of the penalty payment.
What does CLAG stand for?
CLAG stands for Closing Agreement (IRS)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of CLAG
We have 11 other meanings of CLAG in our Acronym Attic
- Capacity Loss Adjustment Factor
- Centro Latinoamericano de Física (Spanish)
- Common Look and Feel
- Contingency Legal Aid Fund (UK)
- Cross Laminated Airy Fabric
- Customize Look and Feel (Xanga)
- Canadian and Latin American Farmers' Exchanges Project
- County of Los Angeles Fire Museum Association (California)
- Comité Lithiase de l'Association Française d'Urologie (French: Lithiasis Committee of the French Association of Urology)
- Canajoharie Library and Art Gallery (Canajoharie, NY)
- Cloud Low, Aircraft Grounded (UK)
- Conference of Latin Americanist Geographers
- Control Line Aeromodellers of Gippsland Inc (Victoria, Australia)
- Critical Loads Advisory Group (Department of the Environment; UK)
- Cryptocurrency Legal Advocacy Group (bitcoins)
- Cytoadherence Linked Asexual Gene
- Center for Lesbian and Gay Studies (CUNY)
- Cackle Like a Hen
- Child Life and Health (University of Edinburgh; UK)
- Conference on Latin American History (Department of History and Program in Latin American Studies; University of North Carolina, Charlotte; Charlotte, NC)
Samples in periodicals archive:
However, a closing agreement is binding only as to the matters agreed upon.
In the CCA, the IRS addressed whether a closing agreement that sought to bind the Service and the taxpayer for taxable periods ending after the date of the agreement was valid.
The other, contained on Form 906, Closing Agreement on Final Determination Covering Specific Matters, makes a determination on only those items specifically listed on the form.
The regulations also eliminate the closing agreement requirement and substitute a new domestic use agreement.