Prof. Caleb Smith Quoted in Bloomberg on Effect of Proposed Treasury Regulations on Low-Income Taxpayers. 

Professor Smith was interviewed by Bloomberg Tax about recently proposed Treasury Regulations that would effect millions of taxpayers, and including many low-income taxpayers. The proposed regulations concern when an IRS employee is required to get "supervisory approval" for asserting certain tax penalties. Professor Smith explained how the proposed regulations may fail to adequately protect low-income taxpayers, as low-income taxpayers are predominantly subject to fully automated audits that would be exempt from the supervisory approval safeguard.