Opinion ID: 75132
Heading Depth: 1
Heading Rank: 2

Heading: issues

Text: (1) Whether the district court erred in dismissing as not ripe the Trustees' suit to recover the costs taken to avoid a potential consequence of Defendants' alleged malpractice. (2) Whether the magistrate judge erred in denying the Trustee's motion to compel answers to deposition questions prompted by two letters between the Ogden firm and its insurance carrier. 2 A taxpayer ordinarily may rely upon a private letter ruling received from the IRS. See 26 C.F.R. § 601.201(l). Only in the rare and unusual circumstance will the IRS revoke or modify a private letter ruling and retroactively apply the change to the taxpayer who originally received the letter ruling. See 26 C.F.R. § 601.201(l)(5). 3 Reverend Porter died on June 5, 1999. The value of the Trust on that date was approximately $55 million, which would yield a federal estate tax of approximately $ 30 million if the corpus was included in Reverend Porter's estate. (3) Whether the district court erred in affirming the magistrate judge's order permitting the Trustees to obtain confidential financial worth documents from the Defendants in support of the Trustees' punitive damages claim.