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Violation Tracker Individual Record

Company: Sidley Austin LLP
Current Parent Company: Sidley Austin
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $39,400,000
Year: 2007
Date: May 23, 2007
Offense Group: financial offenses
Primary Offense: tax violations
Mega-Scandal: Assisting Tax Evasion
Violation Description: The Internal Revenue Service reached a settlement with the law firm of Sidley Austin LLP, which has paid a civil tax shelter promoter penalty of $39.4 million. The penalty stems from the firm's promotion of abusive tax shelters and a failure to comply with tax shelter registration requirements.
Level of Government: federal
Action Type: agency action
Agency: Internal Revenue Service
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: law firm
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.