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NCLA Appeals to First Circuit Over IRS s Unlawfully Seizing Cryptocurrency Data of Thousands

NCLA Appeals to First Circuit Over IRS s Unlawfully Seizing Cryptocurrency Data of Thousands
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CIC Services, LLC v Internal Revenue Service: Captive Insurance Wins a Battle, but the War Continues | Womble Bond Dickinson

To embed, copy and paste the code into your website or blog: On Tax Day, May 17, 2021, in a unanimous opinion authored by Justice Kagan, the United States Supreme Court held that the Anti-Injunction Act ( AIA ) does not bar a pre-enforcement challenge to the legality of an IRS-imposed standalone reporting requirement, a violation of which may result in both civil tax penalties and criminal liability. The Court’s decision in CIC Services, LLC v. Internal Revenue Service may open the door to a host of pre-enforcement challenges to IRS reporting requirements brought by taxpayers and others who are affected by such requirements.

US Supreme Court Allows Challenge to IRS Rule to Go Forward Despite Anti-Injunction Act | Latham & Watkins LLP

US Supreme Court Allows Challenge to IRS Rule to Go Forward Despite Anti-Injunction Act | Latham & Watkins LLP
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Supreme Court Votes Unanimously Against IRS Micro-Captives

Supreme Court decision in CIC Services v. IRS may open the door to a host of pre-enforcement challenges to IRS reporting requirements under IRS issued Notice 2016-66, interest transaction that the IRS believes has the potential for tax avoidance or evasion.

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