In Canal Corp. v. Commissioner, 135 T.C. No. 9 (Aug. 5, 2010), the Tax Court found a corporation liable for a $37 million accuracy-related penalty under §6662(a) even though it had obtained a tax opinion from Price Waterhouse Coopers (PWC).
Judge Diane Kroupa issued a scathing rebuke of PWC which should be viewed as a shot across the bow of all [...]
Tags: Court Cases · Ethics · IRS Penalties
A twitterer friend named Bill Yates alerted me to an interesting article titled 10 Things Your Lawyer Won’t Tell You by Brigid McMenamin of SmartMoney.
Here’s number 7:
Since 2002, when the ABA . . . stated that lawyer-client sex is generally unethical but that it’s up to each state whether to adopt a ban on the practice, 29 states including Arizona, [...]
Tags: Ethics
Wall Street Journal – Taxes Blog
