Conrad TeitellGifts of Interest in Charitable LLCs
The author states "Taxpayers are always responsible for the accuracy of information reported on their tax returns. The IRS emphasizes participating in an abusive scheme to reduce tax liability can result in assessment of the correct tax owed, penalties, interest, fine and oh yes, imprisonment."
January 24, 2025 at 06:00 PM
7 minute read
Tax Shelter Could Be Leavenworth
IRS's Warning: Donors, attorneys and other participants are subject to dollar penalties - and in egregious cases, time in the slammer. [IR 2024. Dec 4 2024]
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