Thursday, February 5, 2009

IRS Wronged

"The [IRS] lost another round in a widely watched legal battle as a federal appeals panel ruled that the agency wasn't permitted to get access to internal tax documents belonging to aerospace and defense contractor Textron Inc. However, the court sent a key issue back to a lower court that could potentially open the door for the IRS to get what it wants. ... In a strongly worded dissent, one of the judges on the panel cited tesimony that the papers were generated to help prepare financial statements, regardless of any fear of litigation", Jesse Drucker at the WSJ, 23 January 2009.

I agree with the dissent. This case was wrongly decided.

3 comments:

Junior said...

well...

...if half of Obama's cabinet isn't afraid of the IRS, why should anyone else be?

How's EY going to fare when all this is over?

AJ Simkatu said...

You aren't a lawyer, so who cares if you think it was wrongly decided?

Independent Accountant said...

AJS:
Good for you! I don't care what you think either.