IRS Loses Court Battle Over Access to Offshore Tax Records

A U.S. appeals court made it harder for the Internal Revenue Service to get some tax records of Americans with offshore accounts, denying the agency’s request for records of a U.S. client at LGT Group in Liechtenstein.

Steven Greenfield asserted his constitutional right against self-incrimination after the IRS sought documents relating to an account he held in 2001 at LGT, according to an opinion Monday by the U.S. appeals court in New York. A three-judge panel returned the case to a lower court, where the IRS can try to meet a tougher legal standard to get the documents.

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