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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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