info@ustax.cpa |+ 353 1 6834066-    ( Morrison Chambers, 32 Nassau Street, Suite 35, Dublin D02 P2N6 )

The Seventh Circuit axed the U.S. Tax Court’s dismissal of a transit company’s suit over an employee stock ownership plan, saying the lower court must specify that it lacked the authority to review the case because it was filed before the IRS completed an exam.