Skip to Main Content
 

Mark Allison Comments on IRS Finalizing Material Advisor Regulations

August 7, 2014, CCH Standard Federal Tax Reports
Mark D. Allison was quoted in CCH Standard Federal Tax Reports regarding the final regulations on material advisor penalties issued by the IRS. For the complete article, please click on the link above to view a PDF.
 
Excerpt taken from the article.

 
The final regulations provide important clarifications as to the scope and extent of the potential material advisor penalties and the factors considered by the IRS in rescinding those penalties," Mark Allison, member, Caplin & Drysdale, Chartered, New York, told CCH. "The regulations should serve as a reminder of the significant financial risks to material advisors who fail to comply with section 6707 disclosure requirements."
________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of taxtax controversy, and litigation legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.
The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.
With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at www.caplindrysdale.com.
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
202.862.5000
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022
212.379.6000
___________________________
Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.
Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
© 2018 Caplin & Drysdale, Chartered
All Rights Reserved.