In what could be a first of it’s kind action in the municipal bond market, the Internal Revenue Service has suspended tax-exempt bond attorney Michael W. McCall for at least 24 months from practicing before it for writing a false tax opinion.
McCall, who practiced at the former law firm Schuering, Zimmerman & Scully in Sacramento, admitted to giving false opinions “knowingly, recklessly, or through gross incompetence” and failing to exercise due diligence in violation of Circular 230, the IRS’ Office of Professional Responsibility stated in a release yesterday. Circular 230 governs the practice of tax lawyers that come before the IRS.
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