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.”