Parker Waichman LLP

Feds Target Illegal Tax-Shelter Sellers

Federal Agents Target Illegal Tax-Shelter. The Justice Department said it expects to block twice as many promoters from selling illegal tax shelters this year compared with last year as the government works to reverse a decline in tax prosecutions. The government blocked 28 promoters from selling illegal shelters in 2003 and expects to stop about […]

Illegal Tax-Shelter

Federal Agents Target Illegal Tax-Shelter. The Justice Department said it expects to block twice as many promoters from selling illegal tax shelters this year compared with last year as the government works to reverse a decline in tax prosecutions.

The government blocked 28 promoters from selling illegal shelters in 2003 and expects to stop about 56 this year, in the process recovering millions in owed taxes. The number marks a reversal from 2000, when nobody was forced to quit marketing tax-avoidance techniques.

tax-evasion charges

Actions against tax promoters often yield lists of clients who can be pursued for possible prosecution on tax-evasion charges. The government does not need to use an injunction to forcibly shut down a promoter who stops selling shelters after being contacted by the Internal Revenue Service.

Eileen J. O’Connor, assistant attorney general for the department’s tax division, said the Justice Department made gains in enforcing tax laws on several fronts in 2003.

“One of the obligations of government officials is not only to enforce the laws, but also to reassure people, to help maintain their faith in the institutions of government that the laws are, in fact, being enforced,” she said.

The department referred 1,129 cases for criminal prosecution in 2003, a 35 percent increase since 2000.

The IRS has asked Congress to add $393 million to its budget next year to pay for more than 5,000 additional employees on the enforcement staff. IRS Commissioner Mark Everson said he also wants Congress to increase penalties for people convicted of using illegal shelters.

Need Legal Help Regarding Illegal Tax-Shelter?

The personal injury attorneys at Parker Waichman LLP offer free, no-obligation case evaluations. For more information, fill out our online contact form or call 1-800-YOURLAWYER (1-800-968-7529).

[sc name=”post-footers”]

What Our Clients Say About Us
We have worked with thousands of clients and we appreciate them and their positive reviews. Here are just a few recent client reviews...
5 Star Reviews 150
Kelli Alexander is your employee, we have been dealing with her for years. Our case just concluded. Parker Waichman has been a wonderful representative. But Kelli Alexander has been your greatest asset. Our calls promptly returned. Any question answered quicky. She has been kind courteous. and professional, at all times you are lucky to have her in you employment.
Donna Giambalvo
4 years ago
5 Star Reviews 150
I signed with Parker Waichman LLP in December of 2018. In 2019 I started working with Christina (Tina) Morace. In my 44 years of working in the Financial Services Industry in NYC, I had never met such a competent and professional legal assistant. Since the beginning she has continually demonstrated exceptional client service skills. She has taken both my wife and myself by the hand and provided us with guidance and reassurance each step of our process. Tina you have been a Godsend. Rodriguez Family
Ismael Rodriguez
a month ago
5 Star Reviews 150
It was a pleasure speaking with Ms. Josama. I really like how she made my grandmother feel safe and secure and make a decision. Thank you.
Matt Smart
4 years ago

Why Choose Us to Help You?

We Take Care of Everything
Your situation is stressful enough: Let us take on the deadlines, paperwork, investigation, and litigation. We'll handle every detail so you don't have to worry.
No Recovery = No Legal Fees
We work on a contingency-fee basis, meaning that we only get paid from a portion of your settlement or jury award. If you don't get compensation, you owe us nothing.
Decades of Experience
Your situation is stressful enough: Let us take on the deadlines, paperwork, investigation, and litigation. We'll handle every detail so you don't have to worry.
Respected by Our Peers
Judges, insurance adjusters, and fellow attorneys all speak highly of our skills, and we've earned numerous accolades, including a flawless rating from AVVO.
We Have Many Locations To Serve You
We have the experience and the skilled litigators to win your case. Contact us and speak with a real attorney who can help you.
Long Island – Nassau
Parker Waichman LLP
6 Harbor Park Drive
Port Washington, NY 11050
Long Island – Suffolk
Parker Waichman LLP
201 Old Country Road – Suite 145
Melville, NY 11747
New York
Parker Waichman LLP
59 Maiden Lane, 6th Floor
New York, NY 10038
Queens
Parker Waichman LLP
118-35 Queens Boulevard, Suite 400
Forest Hills, NY 11375
Brooklyn
Parker Waichman LLP
300 Cadman Plaza West
One Pierrepont Plaza, 12th Floor
Brooklyn, NY 11201
New Jersey
Parker Waichman LLP
80 Main Street, Suite 265
West Orange, NJ 07052
Florida
Parker Waichman LLP
27299 Riverview Center Boulevard
Suite 108
Bonita Springs, FL 34134
Nationwide Service
Parker Waichman LLP
59 Maiden Lane, 6th Floor
New York, NY 10038