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CIC Servs., LLC v. IRS; Court Ruled in Favor of the Taxpayer - Vimarsana News

CIC Servs., LLC v. IRS; Court Ruled in Favor of the Taxpayer

United States’ decision in CIC Servs., LLC v. IRS, which allowed a pre-enforcement challenge to the IRS’s reportable transaction regime. 6th circuit rejected the IRS’s request to limit vacatur of the Notice to CIC, explaining that vacating the Notice is appropriate

District Court Vacates, Sets Aside IRS Reportable Transaction Notice | McDermott Will & Emery - Vimarsana News

District Court Vacates, Sets Aside IRS Reportable Transaction Notice | McDermott Will & Emery

The fallout from taxpayer challenges to the Internal Revenue Service’s (IRS) “reportable transaction” regime continues. On March 21, 2022, the district court in CIC Servs., LLC v. IRS...