Late Malpractice Suit Sticks Man With $5M Taxes, Penalties

Law360, Los Angeles (November 20, 2013, 8:56 PM EST) -- A New York state appellate panel ruled Wednesday that a man had waited too long to sue the law firms that advised him incorrectly on how a property sale would impact his taxes, triggering $5 million in back taxes and penalties.

The four-judge appellate panel agreed with the New York Supreme Court’s earlier finding that the statute of limitations barred Jonathan Landow, who lost his bid to defend his tax return to the Internal Revenue Service, from suing attorney Richard Reichler, Snow Becker Krauss PC and...
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