Friday, May 16, 2014

De-Regulation

AccountingWeb | IRS Not Continuing Legal Fight Over Regulating Preparers



The IRS argued that the “Horse Act” of 1884 – a statute passed to govern compensation claims for dead horses brought on behalf of Civil War veterans, which is now codified under Section 330 of Title 31 of the US Code – authorized the agency to “regulate the practice of representatives of persons before the Department of the Treasury.”
. . . “By not filing a petition for certiorari, the IRS has wisely chosen not to ride this horse law any further.” 

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