Violation Tracker Individual Record

Company: 
Ernst & Young, LLP
Current Parent Company: 
Ernst & Young
Penalty: 
$15,000,000
Year: 
2003
Date: 
July 2, 2003
Offense Group: 
financial offenses
Primary Offense: 
tax violations
Violation Description: 

The Internal Revenue Service announced a closing agreement with Ernst & Young, LLP, resolving issues relating to an examination of Ernst & Young's compliance with the registration and list maintenance requirements regarding the firm's marketing of tax shelters. The agreement required Ernst & Young to make a non-deductible payment of $15 million.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Internal Revenue Service
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.