Tax Attorney, Government Seek Consent Judgment In Microcaptive Penalty Row

(April 16, 2024, 12:48 PM EDT) -- WEST PALM BEACH, Fla. — Asking a Florida federal court to enter a consent judgment in their dispute over penalties for purported promotion of abusive tax shelters in the form of microcaptive insurance companies, a tax attorney and the federal government tell a Florida federal court in an April 15 motion that their settlement agreement includes the attorney’s “payment of $5,200,000, inclusive of payments already made.”...