Dionne Warwick Bankruptcy Case Seeks to Discharge Taxes By: Daniel Brown “Wishin’ and Hopin’” to discharge more than $10.2 million in taxes, Dionne Warwick filed a Chapter 7 personal bankruptcy case in the United States Bankruptcy Court for the District of New Jersey on March 21, 2013. According to her filed bankruptcy petition, the tax debts owed include $6,955,192.03 in personal
By: Gregory Verdibello Unfiled returns can create financial and emotional stress, and can cause criminal issues for many people. It seems that more and more people are failing to file their returns on time, or even file at all. This could be due to lack of records, personal issues, financial issues, or simply just ignoring one’s obligation under the law.
Attorneys are not always fluent in accounting. Thus, accountants are often retained by a client’s attorney to assist them in rendering advice to the client. In the seminal case United States v. Kovel, the Second Circuit Court of Appeals held that communications made by a client to an accountant retained by his attorney will be shielded under the attorney-client privilege. The