Split on Green Tax Break Doesn’t Warrant SCOTUS Review, IRS Says

The US Supreme Court shouldn’t step in to resolve a court disagreement over the validity of a regulation used by the IRS to block an array of conservation tax deductions, the agency told the high court.

The IRS was responding Wednesday to a petition from Oakbrook Land Holdings LLC for the justices to intervene after the US Courts of Appeals for the Sixth and Eleventh Circuits split over the IRS’s use of the regulation. The Eleventh Circuit said the agency should have responded to a public comment when it issued the regulation, while the Sixth ...