On March 29, the U.S. Supreme Court (SCOTUS) heard oral arguments in a case against the IRS. The issue is whether, to collect delinquent taxes, the IRS can seek third-party records without first notifying the taxpayers. In this case, an IRS agent feared the married taxpayers were hiding assets in banks or in their business. Without notifying the taxpayers, the agent summonsed records from three banks. The banks informed the taxpayers, who then took the IRS to court, ultimately landing in the SCOTUS. “The question,” said the taxpayers’ attorney “isn’t whether the IRS can summon the records it needs, only whether it can do so secretly and without judicial oversight.” (Polselli v. IRS)
Our Blog 