Lawyer Fined Under 6700 For 1st Time

Barnett, Susanna Duff
October 2003
Bond Buyer;10/23/2003, Vol. 346 Issue 31746, p1
Trade Publication
Reports on the settlement reached by the Internal Revenue Service with a bond attorney over arguments related to the coverage of Section 6700 of the tax code in the U.S. Agreement of the lawyer to pay a fee earned in an abusive bond transaction; Release of false statements in municipal bond transactions; Issuance of false presentation to investors.


Related Articles

  • Limiting Their Burden. McConnell, Alison L. // Bond Buyer;5/24/2005, Vol. 352 Issue 32139, p1 

    The article reports that the U.S. Treasury Department and the Internal Revenue Service do not intend to dramatically alter the way collateral and other bond-related opinions are prepared because they were never concerned that those opinions, as they had traditionally been delivered, were a...

  • NABL Suggests Adjustments to Form 990 Schedule K Changes. Schroeder, Peter // Bond Buyer;6/18/2008, Vol. 364 Issue 32902, p5 

    The article reports on the National Association of Bond Lawyers' (NABL) request for some adjustments to the proposed instructions to the Internal Revenue Service's (IRS) Form 990 Schedule K in the U.S. NABL said that the phrasing in the portion of the form on private business use could prove...

  • NABL asks IRS to match tax law penalties with violations. Resnick, Amy B. // Bond Buyer;03/09/99, Vol. 327 Issue 30594, p4 

    Reports on the National Association of Bond Lawyers' (NABL) call for the United States Internal Revenue Service (IRS) to match the penalty for violating tax laws governing issuance of tax-exempt bonds. Features of comments filed by the NABL on the agency's proposed guidelines for bond issuers'...

  • NABL stakes out position on IRS's proposed prepayment regulations. Kinnander, Ola // Bond Buyer;01/07/2000, Vol. 331 Issue 30803, p5 

    Reports on the position taken by the National Association of Bond Lawyers on the proposed prepayment regulations for bond by the United States Internal Revenue Service. Proposal to subject tax-exempt issues to arbitrage restrictions; Plans to declare such bonds taxable.

  • Lawyer groups seek IRS action on unresolved bond rules. Kinnander, Ola // Bond Buyer;02/11/2000, Vol. 331 Issue 30827, p4 

    Reports that the National Association of Bond Lawyers is seeking the action of the United States Internal Revenue Service (IRS) on unresolved bond rules. Tax-exempt bond matters; Solicitation for comments; Priorities of the IRS.

  • TBMA Likes Premise of NABL Letter. Hume, Lynn // Bond Buyer;02/08/2001, Vol. 335 Issue 31073, p1 

    Reports on the National Association of Bond Lawyers' proposal that the United States Internal Revenue Service (IRS) re-orient its tax-exempt bond enforcement program to ensure that innocent bondholders are not penalized for tax-law violations. Bond Market Association's support to the proposal;...

  • Ira Weiss Fighting IRS 6700 Penalty From Pennsylvania School Note Deal. Hume, Lynn; McConnell, Alison L. // Bond Buyer;2/8/2007, Vol. 359 Issue 32564, p4 

    The article reports on the move of bond lawyer Ira Weiss to challenge a $9,000 penalty charged against him by the U.S. Internal Revenue Service. The penalty concerns Weiss' violation of the Section 6700 of the Internal Revenue Code for tax law violations. In his complaint, he emphasizes that the...

  • Treasury Offers New 230 Proposal. Hume, Lynn; Eerris, Craig T. // Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p1 

    The article reports that the U.S. Treasury and Internal Revenue Service issued final and proposed amendments to Circular 230 on Friday, that would for the first time set standards for lawyers writing tax-exempt bond opinions. The amendments, which essentially would require muni bond lawyers to...

  • IRS Closer to New Orleans Tax Action. Duff, Susanna // Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p1 

    The Internal Revenue Service(IRS) has taken the next to last step before declaring that interest paid on 75.2 million dollars of pension obligation refunding bonds issued by New Orleans, Louisiana in 1998 is taxable. “ We thought that it made more sense for us to present our complete case...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics