Daily Tax Report ®

HILL TAX BRIEFING: Fight Over Tax Rules Heads to Supreme Court

Dec. 1, 2020, 11:19 AM

Taxpayers’ right to fight IRS regulations will take center stage today before the U.S. Supreme Court, with justices set to consider CIC Services LLC v. IRS, a challenge to an IRS reporting requirement.

The case centers on the Anti-Injunction Act, which forces taxpayers to wait to challenge tax regulations until they actually receive a tax bill from the IRS or are paying taxes under the rule. CIC Services is challenging a penalty-backed reporting requirement aimed at micro-captive insurance transactions.

The Tennessee firm has argued that even though Congress has labeled these penalties as taxes, they “are several steps removed...

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