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Journal of Accountancy · Recently

Supreme Court lets stand IRS power to assess tax anytime for preparer fraud

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Supreme Court lets stand IRS power to assess tax anytime for preparer fraud. Worth reviewing for potential client impact.

Summary

The Supreme Court declined to hear an appeal of the Third Circuit’s decision in Murrin, in which the court held that taxpayer intent is not required for the unlimited period for assessing tax under Sec. 6501(c)(1) to apply.

Classification

Category: fyiPriority: importantReason: Contains 'supreme court' - significant update

Applies To

9901040

Affected Groups

Nonprofit specialists, Individual return preparers

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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