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62 Probate & ProPerty j July/August 2009 Until May 2007, Internal Revenue Code § 6694, which imposes monetary penalties on certain tax advisors, was largely ignored. On May 25, 2007, however, Congress substantially revised Code § 6694, and the changes caused a great gnashing of teeth and wringing of hands among tax advisors for more than a year. Under the new rules, even if a tax advisor never signs a client’s tax return, never looks at a client’s tax return, and never answers a specific tax...