Tiesto's ex-lawyer saved the DJ $28 million in taxes via illegal offshore shelters. Now, the lawyer is on the hook with the IRS.
LBKM Senior Counsel John Moscow commented in Business Insider on a request by federal prosecutors to order a Dutch tax attorney to pay $19 million in back taxes owed by the tax attorney's former client.
White-collar defense lawyers and tax law experts told Business Insider they had never heard of a tax attorney or accountant being ordered to pay such a high amount of their client's back taxes.
Still, federal law holds tax preparers liable if it's proven that they knowingly hid their clients' income, said John Moscow, a longtime financial crimes prosecutor for the Manhattan District Attorney's Office.
"Nineteen million — that's a lot," said Moscow, now senior counsel at Lewis Baach Kaufmann Middlemiss in New York. "But it seems appropriate for the federal government to tell a tax preparer, 'You knew it was a crime; pay it back to us.'"
Click here to read the full article (registration may be required).