Baisden - CPA Subject to Fraud Penalty - Ed Zollars - a podcast by steve@leimbergservices.com

This PodCast deals with the issue of a CPA that got 'creative' in planning with himself and his clients, and in his case he finds the Tax Court isn't amused. The case is Baisden v. Commissioner, TC Memo 2008-215 where a CPA attempted to get around the self-employment tax by paying 'royalties' from his sole proprietorship to himself. The case doesn't deal with that issue (he had conceded that matter by then) but rather deals with whether he was subject to the fraud penalty.

The materials are available for download at http://www.edzollars.com/2008-09-22_Fraud.pdf .

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