Wednesday, May 28, 2008

Abusive tax shelters mutate into other forms has posted an excellent piece warning that banned tax shelters still are being promoted and so are are variations of abusive tax shelters.

The column notes that "smaller firms, independent CPAs, lawyers and insurance salesmen continue to flog new—and old—shelter mutations to business owners and the successfully self-employed."

“After all the enforcement, I’m surprised at the level of tax shelter activity that’s still out there,” says Ian Comisky, a partner at Blank Rome in Philadelphia who defends taxpayers in civil and criminal cases.