Welcome
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...

To read the full article log in. To learn more about a subscription click here.