The U.S. Supreme Court is always busy making decisions that affect many people. Rulings made in recent days will impact a lot more with regard to their personal finances. Three of these decisions could affect many more people, particularly those with bank accounts, past-due mortgage payments, and student loans.
Permission Is Not Needed to Look at Your Bank Records
In the Supreme Court case Polselli v. IRS involving $2 million owed to the Internal Revenue Service (IRS), the tax agency summoned the banks holding Remo Polselli’s accounts for bank account information. They owed $2 million in back taxes, but were never informed about the investigation and sued the IRS when they discovered it….