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Legal Ethics

Feds Say Lawyer Promoted Tax Fraud Using Roth IRAs and Claimed Charity

Posted Apr 15, 2010 12:56 PM CDT
By Martha Neil

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The Internal Revenue Service is seeking a court order permanently barring a Missouri lawyer from promoting what it describes as fraudulent tax schemes.

Many of the claimed schemes allegedly promoted by Philip Kaiser of The Kaiser Law Firm in St. Louis involve abusive use of deductions for charitable contributions or improper use of self-directed Roth IRA accounts to avoid income tax, the feds contend in a filing Monday in U.S. District Court in St. Louis. Two dentists, for instance, are accused of using a Kaiser scheme to claim $750,000 in charitable deductions concerning alleged contributions of some $2,000, reports the St. Louis Post-Dispatch.

Kaiser, who formerly worked for the IRS, and his lawyer, David Capes of Capes, Sokol, Goodman & Sarachan, declined to comment.

Hat tip: National Law Journal.

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