Beware of individuals who claim to be able to reduce your tax liability by millions of dollars.
Maybe it'll work, of course. Maybe. But maybe that little "Midco Transaction" they're pitching -- the saga of those notorious deals is recounted here -- will instead attract the attention of the IRS. And in the end subject you to being individually liable for over $35 million in taxes, penalties and interest.
Greedy people sell these scams. But greedy people also buy 'em. Hard to be particularly sad when someone gets socked with tax liability that's entirely appropriate.
Or when the Ninth Circuit affirms.
