Federal Income Taxation

In 2024, the United States Court of Appeals for the Eleventh Circuit issued only one published opinion, Green Rock LLC v. Internal Revenue Service, and a handful of unpublished opinions involving U.S. federal income tax issues. Green Rock presented an issue of first impression in the Eleventh Circuit: the validity of an Internal Revenue Service (IRS) Notice that designated transactions as “listed transactions” without following the notice and comment rulemaking procedures prescribed by the Administrative Procedure Act (APA). This Article surveys that opinion.