The Supreme Court has ruled unanimously in a delinquent taxpayer case that it is lawful for the IRS to secretly summons the bank records of third parties.
In other words, the nation’s highest court recognized that the Internal Revenue Service is not required to notify third parties who are not under investigation when seeking a summons for banking records thought to be relevant to the tax delinquency of another person.
One lawyer who briefed the Supreme Court said the new ruling gives the IRS “startlingly broad authority to pry into the financial records of people who may be only remotely connected to a delinquent taxpayer.”…