IRS tax preparer fraud case draws investor attention to 75 million paid returns
Supreme Court rejects Stephanie Murrin tax case; 75 million paid-preparer e-filed returns in focus The Supreme Court isn’t taking up Stephanie Murrin’s tax dispute, which means investors have a number to keep in mind: 75 million e-filed returns prepared for a fee. The main concern is not widespread fraud, but that fraud by just one tax preparer can leave an IRS assessment open years after the normal three-year audit window closes. Supreme Court rejects Murrin v. Commissioner review, keeps Third Circuit decision The Supreme Court on June 22 declined to take up Murrin v. Commissioner, so the Third Circuit ruling stands. Murrin’s petition had asked if the IRS can bypass the three-year assessment window just because a third party committed fraud—even if the taxpayer neither knew about nor intended the fraud.