Identity Theft Information for Tax Professionals–IRS

Tax professionals play a critical role in assisting clients, both individuals and businesses, who are victims of tax-related identity theft. This new fact sheet explains what tax-related identity theft is and what to do if it happens to one of your clients.

Separately, the IRS advised senior taxpayers to remain alert to aggressive and threatening phone calls from criminals impersonating IRS agents. The callers claim to be IRS employees but are not.

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Second Circuit Upholds Ban on Private Investment in Law Firms | New York Law Journal

Andrew Denney and Ben Hancock, New York Law Journal

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A federal appeals court on Friday rejected an attempt to loosen restrictions on private investment in the legal industry, dismissing arguments that ethics rules on so-called “fee splitting” impinge on lawyers’ First Amendment rights.

The decision, which affirms a 2015 district court ruling, is a blow to Los Angeles-based personal injury firm Jacoby & Meyers, which has fought a nearly six-year legal battle against the prohibition on non-lawyers investing in law firms and sharing in legal fees. 

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