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IRS targets AmEx, MasterCard in offshore fishing expedition.

Authors :
Hembera, John
Source :
Tax Notes. Oct 30, 2000, Vol. 89 Issue 5, p599-2.
Publication Year :
2000

Abstract

Issues related to a petition filed by the IRS to gain credit card customer information from American Express and MasterCard are examined, focusing on the use of credit cards in the Caribbean to transfer assets from trusts. Topics include the mechanics of sheltering income by using credit cards and the IRS powers to issue summons under IRC section 7609(f).

Subjects

Subjects :
Credit cards -- Investigations
Trusts and trustees -- Investigations
United States. Internal Revenue Service -- Investigations
Internal Revenue Code (I.R.C. 7609(f))

Details

ISSN :
02705494
Volume :
89
Issue :
5
Database :
Gale General OneFile
Journal :
Tax Notes
Publication Type :
Periodical
Accession number :
edsgcl.67190286

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