Must the IRS notify third parties when it summons bank records in an effort to collect a person’s unpaid taxes? Several circuit courts are divided over the issue and the U.S. Supreme Court has agreed to take it up. The Court will decide whether the IRS need only notify third parties if a delinquent taxpayer has a legal interest in summoned records or, if the IRS believes summoned records will help it collect outstanding liabilities, no notice is necessary. The issue is at the heart of a lawsuit initiated by the wife and attorneys of a man who owed the IRS $2 million. The IRS had reason to believe the man used his wife to shield his activities. (Polselli v. IRS) Call or visit our website for more information! www.mjscpa.com/
