Monday, January 21, 2013

IRS looses lawsuit regulating Tax Accountants

The IRS had increased the requirements for tax accountants. A federal judge struck down the requirements. The IRS does not have authority to regulate the profession.

It might sound like a naive decision for many, but the profession is an interesting one and this is a big win. Tax Law and its written text is the ruler of the profession not the IRS.

A US citizen has a God given right to his property and his own money, and the written text is usually expanded in court challenging the IRS. Allowing the IRS to regulate the profession puts them in a dangerous position like striking down any adversarial point of view. Moreover, the IRS would be inheriting rights only given to Congress to write or maintain the Law. At the end, Congress delegates the writing of the Law to the Accounting bodies - not the IRS. 

And so it is.


The arguments might continue through the courts, but it is becoming increasingly rare to at least feel a weaken wind of freedom in a land that is loosing it.