To everyone but tax attorneys, the disclaimers referring to “Circular 230” that appear in the legends of most law firm e-mails are inscrutable as well as ubiquitous. The Internal Revenue Service has now changed its rules so that those disclaimers can be deleted permanently.
Former BDO Seidman LLP Vice Chairman Charles Bee’s cooperation with prosecutors in a $1 billion tax fraud probe didn’t spare him from prison, as a judge, citing the magnitude of the crime, sentenced him to 16 months.
The U.S. sued attorney Harold Levine, alleging he made more than $5 million in fees for helping cheat the government out of hundreds of millions of dollars in tax revenue while leading the tax practice at a New York law firm.
Deutsche Bank AG, BDO Seidman LLP and an ex-BDO Seidman partner were sued over claims they designed a fraudulent tax shelter that caused losses for a former chief operating officer of a Fortune 100 software company.