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Charitable Private Foundations by Jimmy J. Chen, CPA of Jimmy J. Chen & Associates, Inc. are Under Tax Investigation

If you or someone in your family operates a Private Foundation organized by, or based on advice given by, Jimmy J. Chen or the firm of Jimmy J. Chen & Associates, Inc., you should contact a tax attorney immediately. As you may know, Jimmy J. Chen has been charged with tax evasion relating to the abuse of his private foundation. Included in the charges is the allegation that several private foundations may be operating similar to his. The Franchise Tax Board is actively investigating these private foundations.

What this means:

Because Jimmy J. Chen was advising people as to how to set up private trusts, we believe there are a number of people who may be subject to tax investigation and huge monetary fines.

Moskowitz LLP is a nationally recognized tax law firm, aggressively protecting our clients rights.