IRS Rights to Corporate Papers

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The US Supreme Court upheld the decision of the Appeals Court in granting the IRS the right to procure legal work papers from corporations. The IRS had some time ago, demanded such papers from corporate jet maker Textron Inc. but the tax agency’s action was challenged in court. However, Textron failed to win the case and the lower court ruled in favor of the IRS. In support of its case, Textron, on the other hand, argued that the papers should be classified privileged information and made their appeal to the Supreme Court.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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