How much can the IRS snoop in your business without you knowing? A lot more now, after a recent Supreme Court decision that is raising privacy concerns among experts.
Last month, the highest court in the nation unanimously sided with the IRS in Polselli v. Internal Revenue Service, solidifying the tax agency's ability to ask for documents or financial records of those associated with a delinquent taxpayer without notifying that third party.
The decision reinforced the tax agency's capacity to get information under wraps, experts say, and gives the IRS too much power and too few limits on how that information can be used.