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CLAG
(redirected from Closing Agreement)

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AcronymDefinition
CLAGConference of Latin Americanist Geographers
CLAGCytoadherence Linked Asexual Gene
CLAGCritical Loads Advisory Group (Department of the Environment; UK)
CLAGCanajoharie Library and Art Gallery (Canajoharie, NY)
CLAGControl Line Aeromodellers of Gippsland Inc (Victoria, Australia)
CLAGClosing Agreement (IRS)
CLAGCloud Low, Aircraft Grounded (UK)


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[ILLUSTRATION OMITTED] The Eighth Circuit reversed a district court and held that where a partnership paid a penalty under a closing agreement with the IRS, a partner in the partnership did not have standing to sue for a refund of part of the penalty payment.
However, a closing agreement is binding only as to the matters agreed upon.
Generally arbitration works well to resolve disputes that are not covered or are ambiguous within the closing agreements.
 
 
 
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