Final answer:
Actions on Decision are official IRS statements on tax court cases, initially published in the Internal Revenue Bulletin and then in the Cumulative Bulletin. They provide the IRS's stance on the court's decision and are significant for understanding the IRS's approach to similar cases.
Step-by-step explanation:
Actions on Decision (AODs) are official statements of the Internal Revenue Service (IRS) on the disposition of certain tax-related court cases. These documents are published in the Internal Revenue Bulletin (IRB) initially and subsequently compiled in the Cumulative Bulletin. AODs provide the IRS's position on the court's decision, indicating whether the IRS will follow, not follow, or distinguish the case based on its factual situation. These can be essential for tax professionals and taxpayers because they give insight into how the IRS may handle similar cases.