Violation Tracker Individual Record

Company: 
Sidley Austin LLP
Current Parent Company: 
Sidley Austin
Penalty: 
$39,400,000
Year: 
2007
Date: 
May 23, 2007
Offense Group: 
financial offenses
Primary Offense: 
tax violations
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 Parent: 
USA
HQ State of Parent: 
Illinois
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
business services
Specific Industry of Parent: 
law firm
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.