Tax

The Service says courts erred in decisions on the placed-in-service date of a retail store, the use of the completed-contract method, and an S corporation’s payment of an employee’s personal expenses.

The orders include one directing Treasury to target recent burdensome, complex, or overreaching IRS regulations.

A district court applies the Loving decision.

The payee’s failure to explicitly reject a check outweighs the payer’s restrictive endorsement.