TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Tuesday, February 13, 2018

FBI, IRS Raid Dallas Offices Of Tax Lawyer Joe Garza

Garza 2Dallas Morning News, FBI and IRS Raid Dallas Offices of Tax Planning Attorney, Say Neighboring Tenants:

A team of FBI and IRS agents on Tuesday searched a North Dallas office building, authorities said. ... Brint Ryan, who has an office in the building, said about 40 agents were at the offices of Garza & Harris.

Joe B. Garza is a Dallas tax planning attorney known for his “aggressive” tax shelters.  ... Garza’s website says he has negotiated and closed “more than $300 million of debt transactions” and “over $1 billion of tax exempt bond transactions as bond counsel for the state of Texas.” ...

But Garza’s promotion of certain shelters has resulted in costly adverse tax rulings against his clients, according to court records. Garza promoted and sold to clients a variety of the notorious “Son of Boss” tax shelter, which the IRS ruled was abusive if used to create artificial tax losses that could offset other income, according to federal court records. 

See also Forbes, You And Your Shadow Do Not A Partnership Make.  Dallas Magazine listed him as owning the 57th most expensive home in Dallas.

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