In Uncategorized on 06/14/2014 at 12:09

Mr. J. P. Finet, now or formerly legal editor of BNA Daily Tax Report, a periodical subsequently subsumed by the Bloomberg octopus, asked me for my views on Coffey v. Com’r, No. 11-1362, decided 12/2/11 by the Eighth Circuit, back on 12/2/11, and why anyone other than a VI practitioner should care.

See my blogpost “Somebody Does Read This Blog”, 12/4/11.

I responded thus: “So my reply to Mr. Finet’s request for ‘a sentence or two why practitioners should care’ is ‘All practitioners should care because it matters that taxpayers, and people, should know that when it’s over according to law, it’s over.’”

So now, only two-and-a-half years late, IRS has clambered onto the bandwagon (at long last), with the “Taxpayers’ Bill of Rights”, wherein Right Number Seven reads as follows:

“The Right to Finality

“Taxpayers have the right to know the maximum amount of time they have to challenge the IRS’s position as well as the maximum amount of time the IRS has to audit a particular tax year or collect a tax debt. Taxpayers have the right to know when the IRS has finished an audit.”

I’ll have more to say about this document in another blogpost, coming soon to a screen near you.

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