In Ballard v. Commissioner, 125 S.Ct. 1270 (2005), the Supreme Court reversed the judgments of the Courts of Appeals for the Seventh and Eleventh Circuits in Estate of Kanter v. Commissioner, 337 F.3d 833 (7th Cir. 2003), and Ballard v. Commissioner, 321 F.3d 1037 (11th Cir. 2003), and remanded those cases to the Tax Court "for further proceedings consistent with this opinion."  In two orders issued this week, the Tax Court:

• Struck the Tax Court’s memorandum opinion in Investment Research Associates Ltd. v. Commissioner, T.C. Memo. 1999-470
• Reinstated Special Trial Judge D. Irvin Couvillion’s original Rule 183(b) report
• Will allow the parties to file objections to the report.

See:

• Ballard v. Commissioner, Nos. 16421-90, 20211-91, 21616-91, 1984-92, 23743-92 & 22884-93 (Dec. 16, 2005)
• Estate of Kanter v. Commissioner, Nos. 712-86, 1350-87, 31301-87, 33557-87, 3456-88, 32103-88 & 26251-90 (Dec. 16, 2005)