Fifth Circuit Upholds Validity of IRS Summons and Mexico-U.S. TIEA

On April 20, 1994, the Fifth Circuit Court of Appeals upheld the judgment of the U.S. District Court to deny a challenge to an IRS summons to a U.S. bank pursuant to the 1989 tax information exchange agreement (TIEA) between the U.S. and Mexico. This move signaled progress with further use of U.S. TIEAs, especially those negotiated with non-Caribbean Basin Initiative countries?[more]