Case: IRS Third Party Summonses to Financial institutions Are Enforceable, Motion to Quash Denied (D. Utah) (IRC §7602)

Financial institutions are ordered to respond to the IRS’s summonses to produce records relevant to Taxpayers’ (an individual and his limited liability company) income, a district court held, granting the IRS’s motion to summarily deny Taxpayers’ petitions to quash the summonses. The IRS has broad latitude to issue summonses for ascertaining the correctness of any return, making a return where none has been made, determining the liability of any person for any internal revenue tax, or collecting any such liability, the court stated. [Bishop v. United States, No. 2:22-cv-00340-DBB-DBP (D. Utah Jan. 9, 2022)]

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