IRS can discover identity of KPMG tax shelter clients

This NY Times article reports on federal Northern District of Texas Judge Barefoot Sanders’ decision yesterday that upheld the Internal Revenue Service’s efforts to obtain the names of two KPMG clients who bought a tax shelter that the IRS contends is abusive. The two investors had previously sued KPMG in an attempt to prevent the disclosure. The decision is another setback for KPMG in this messy situation for the firm, which is the subject of previous posts here, here, here, and here.

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