August 18, 2005

More on the Tax Shelter Controversy

TaxProf summarizes a number of recent articles and documents regarding the ongoing IRS battle with the major accounting firms over 1990's Tax Shelters. Perhaps most interesting is this 6MB PDF memo sent by several current and former KPMG partners to the US DOJ and the media. This is a fascinating look at the internal politics of a large organization. Lynnley Browning has more:
The accounting firm KPMG is quietly putting the boxing gloves back on. Even as KPMG is in discussions with federal prosecutors to settle a criminal investigation over its sale of what the Internal Revenue Service says are bogus tax shelters, the firm has been taking on former clients who have sued it over those same shelters.
Posted by James Zellmer at August 18, 2005 8:59 AM | Subscribe to this site via RSS:
Posted to Taxes