IRS Summons Linked to Probes in Spain Are Improper, Couple Says

Differences between the legal systems of the US and the Kingdom of Spain should halt an IRS investigation of a couple for their alleged tax liabilities abroad, they told a federal court.

Mauricio Alvarez and Matia Diaz of California are attempting to quash three summons that the IRS filed with three financial institutions—JPMorgan Chase, Fidelity Investments and Lincoln Financial Advisers—to obtain information financial information on them from 2018 to 2021. The IRS served them on behalf of the Spanish government for alleged tax liabilities originating in that nation as part of a tax treaty between the US and the kingdom, ...