Document Type


Publication Date


Publication Information

1994 BYU L. Rev. 1 (1994)


The tax benefit rule should be described to indicate that it applies to credits and exclusions besides deductions, and deduction recoveries should be reported in the same location as was affected initially. The recovery should not affect gross income, for the purpose of tax equity. The recovery should rather affect either taxable income or adjusted gross income. The IRS and the courts should adopt this new description and principles.


Reprinted with permission of the Brigham Young University Law Review.



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