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KPMG Trial under way

October 16, 2008

The trial of the four remaining KPMG tax shelter defendants got going yesterday. The defendants will call it tax planning; the government will call it fraud. If the government shows that the shelters were built on transactions that never happened, that will be bad news for the defense. If the shelter transactions actually happened and the paperwork wasn't faked, the defendants should have a good shot at acquittal.

The TaxProf has a roundup.

 • KPMG ~ • Tax Shelter News       Bookmark: del.icio.us • Digg • reddit