The US Supreme Court was urged to review whether IRS summonses for bank records should be quashed because they allegedly chill the speech of their targets, who are under investigation for promoting ways to inappropriately delay reporting capital gains.
David Bishop and Slim Ventures LLC told the high court that “the IRS and Biden Administration strongly disliked Petitioner’s views about the legality” of monetized installment sales, and alleged the agency’s summonses were motivated by content on his website depicting the IRS as preferential in affording MIS to wealthy taxpayers. Bishop and Slim Venutres challenged the US Court of Appeals for ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.