CIC Services was recently featured in Forbes for its recent Supreme Court win against the Internal Revenue Service (IRS). In the ruling, the Court upheld the argument that taxpayers’ advisors have the right to sue the IRS to set aside or invalidate IRS Notices.
CIC Services, LLC v. Internal Revenue Service: Captive Insurance Wins a Battle, but the War Continues
In a recent article, The National Law Review shares its thoughts on the recent U.S. Supreme Court 9-0 ruling against the Internal Revenue Service (IRS)’s Notice 2016-66 saying it opens the door for future challenges against the IRS from the captive industry.
The Captive Insurance Times noted the significance of the CIC Services win against the Internal Revenue Service in the supreme court in this article. The writing also asserts that the unanimous court decision will ensure that the IRS uses its investigative powers fairly.
Allison Bell for Think Advisor discusses the impact that the CIC Services vs. IRS decision makes on all taxpayers. Specifically, this article delves into the federal Anti-Injunction Act of 1867 and how the new ruling stops the IRS from shielding lawsuits against reporting requirements.