August 17, 2023
A Montana lawyer who set up a nonprofit to facilitate the donation of unwanted timeshares is liable for more than $8.4 million in penalties for promoting an abusive tax shelter that overstated the value of the vacation properties, the Ninth Circuit affirmed Thursday.
April 12, 2023
The Internal Revenue Service on Wednesday defended $8.4 million in tax shelter penalties assessed against an attorney who the agency says ran a timeshare scheme, telling the Ninth Circuit that the amount is supported by the more than 6,500 valuations the attorney and three other disqualified appraisers completed.