Firm Resolves IRS Dispute
Posted Jul 31, 2007 5:46 AM CST
By Debra Cassens Weiss
A former California law firm and one of its partners have reached an agreement in a dispute with the Internal Revenue Service over documents related to tax shelter advice.
Details of the agreement reached last week are not available, the National Law Journal reports. The defunct firm--Lee, Goddard & Duffy of Irvine, Calif.—is under investigation for allegedly promoting illegal KPMG tax shelters, according to the legal newspaper. Partner William Goddard is also facing scrutiny, the story says.
Before resolution of the dispute, the law firm had turned over 10,000 pages of documents but refused to release additional information.