Did you participate in a Son of Boss tax shelter, a Contingency Deferred Swap (CDS) or other tax shelter based on advice from KPMG, Ernst & Young, Jenkens & Gilchrist, Cantley Sedacca, Lewis Rice, Fingersh, Heritage Organization, PriceWaterhouseCoopers, Quellos, or on the advice of any other accounting firm or law firm?

You may be a victim of fraud, misrepresentation, and professional negligence of the law firms and accounting firms involved in the abusive tax shelter transactions.

The IRS has identified KPMG tax shelters, Ernst & Young tax shelters, Jenkens & Gilcrhist tax shelters, and other tax shelters--including the Son of Boss tax shelter--as abusive or illegal and is seeking to disallow the abusive tax shelters and recover all of the owed back taxes plus substantial interest and penalties. Tax shelters sold by KPMG, Ernst & Young, and Jenkens & Gilchrist are being investigated by the IRS as abusive.

The IRS has identified the taxpayers who participated in abusive tax shelter transactions from the records of law firms and accounting firms involved in the tax shelter abuse and has lists of the KPMG tax shelter clients and Ernst & Young tax shelter clients.

The Johnson Law Firm seeks to recover damages for its clients from across the country that have or will suffer damages as the result of participating in these abusive tax shelters on the advice of law firms and accounting firms.

Abusive Tax Shelters Identified by the IRS and the U. S. Department of Justice
Some of the shelters that have been identified as illegal or abusive include Son of Boss (Foreign Currency Option Tax Shelter), COBRA (Currency Options Bring Reward Alternatives), PICO (Personal Income Company), FLIP (Foreign Leveraged Investment Program), OPIS (Offshore Portfolio Investment Strategy), TRACT, SC2, CARDS, and COINS. According to tax authorities none of these transactions comply with federal and state income tax laws.

The IRS knows who participated in these shelters and they want their money
Federal courts have enforced IRS summonses demanding client lists of law firms and others that aided clients with tax shelter schemes. The United States Department of Justice has vowed to "work tirelessly to help the IRS obtain the details of potentially abusive tax shelters the identities of the their promoters and users." The back taxes, interest and penalties that investors in abusive tax shelters may owe the IRS may far exceed any tax savings promised by the promoters of these tax shelters and will continue to grow as time passes!

Recovery of Damages Caused by the SOB's Tax Shelter Promoters
Many tax shelter investors may be victims of fraud, misrepresentation, and professional negligence of the architects, promoters and facilitators of the involved transactions. We intend to seek monetary damages and reimbursement for our clients.

Among the law firms, accountAmong the law firms, accounting firms, insurance companies, financial institutions, and other promoters mentioned in lawsuits and/or governmental investigations of these abusive tax shelters are KPMG, Ernst & Young, Jenkens & Gilchrest, Deutsche Bank, HVB, UBS, Wachovia Bank, NatWest, Quellos Group LLC ("Quellos"), Presidio Advisory Services, Sidley Austin Brown & Wood, and Sherman and Sterling.

Legal Help is Available
The Johnson Law Firm and its team of associated counsel nationwide represents the victims of the tax shelter promoters. We will provide a confidential no obligation review of your case. Call us today to set up a confidential interview with a lawyer so that we can determine if your case meets our requirements for representation.

Financial settlement agreements have already been reached in some cases*. Amnesty type programs have been available for certain investors in the past*. Call us today if the IRS has contacted you regarding your tax shelter investment or if you suspect that the IRS is targeting your tax shelter. We want to help you.

We welcome professional referrals and inquiries by attorneys into co-counsel arrangements and joint representation of clients.