The IRS recently imposed new liability on agents under powers of attorney. This new liability carries steep fines and potential criminal penalties of up to $500,000 and/or 10 years imprisonment. Click here to read the legal alert on the Smith Haughey website.
Nick Reister is a Trusts & Estates and Business attorney with Smith Haughey Rice & Roegge’s Grand Rapids, Michigan office. If you have questions about estate planning or other legal matters, please call (616) 774-8000.
The information contained on this site is for general information purposes only and should not be relied upon as legal or tax advice.