Judgment For Government Is Entered On Last Claims In Microcaptive Penalty Row

( May 16, 2024, 10:12 AM EDT) -- WEST PALM BEACH, Fla. — Noting that the settlement terms include a tax attorney’s “payment of $5,200,000, inclusive of payments already made,” a Florida federal judge granted a joint motion for entry of judgment for the federal government on the remaining claim and counterclaim in a dispute over penalties for the tax attorney’s purported promotion of abusive tax shelters in the form of microcaptive insurance companies....