It’s a win for small tax return preparers and a loss both for unilateral assertions of agency power (Congress had never given the Internal Revenue Service the power it claimed here) and for big national tax-prep chains, which had supported the regulation with a view to suppressing “kitchen table” competitors. Andrew Grossman analyzes for Cato, and the Institute for Justice, representing independent tax preparers, can take due credit for a big legal win.
More: H & R Block’s CEO — of course! — is unhappy. And John Steele Gordon explains the role of the Horse Act of 1884.
2 Comments
Good thing someone had standing here. Wonder what happens if this is reimposed by executive order?
No need, Great Unknown. I’m sure it’s been far too long since the judges on the D.C. Circuit have had their returns audited.
Bob