Date: 8/31/2010
The line between smart and criminal can be a fine one when it comes to giving tax advice, and some advisers see it blurring lately. Scott Michel, member and president of Caplin & Drysdale and chair of the American Bar Association Section of Taxation Standards of Tax Practice Committee, states that any false statement, omission or other concealment can cause a transaction to "cross from legal tax avoidance to one that violates provisions of the tax code.
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