A unanimous US Supreme Court sided with the IRS in a closely-watched case over the agency’s authority to seek bank records without notice, while signaling the court may need to revisit the limits of the agency’s power.
The court ruled Thursday that the IRS can exercise its no-notice power to aid tax collection even if the delinquent taxpayer doesn’t have a legal interest in the targeted records. The case, Polselli v. IRS, involved summonses issued for the bank records of two law firms and the wife of a suspected tax scofflaw.
The issue impacts bank account holder protections because ...
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