Chicago tax lawyer Robert E. McKenzie worries those with still secret offshore accounts may be less likely to disclose because they figure that if they’re found out and prosecuted, they’ll avoid jail as Warner has. But McKenzie tells prospective clients the same thing he wrote recently on Forbes: “Many other less lucky offshore depositors have been sentenced to prison by other judges. One distinguishing factor for Warner was he was a billionaire whereas those sent to prison were merely millionaires.”
“Darrell Issa, This Generation’s Joe McCarthy”
In my most recent blog, I discuss the comments made by Lois Lerner, head of the IRS Tax-Exempt and Government Entities Division. Ms. Lerner commented on the IRS and tax exemption status of social welfare groups at the May ABA Tax Section meeting. These comments sparked the attention of Darrell Issa, chairman of the House subcommittee on Oversight and Government Reform.
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