Defending New York False Claims Act Tax Proceedings

Overview


Peter Faber, Todd Harrison, Stephen Kranz, Mark Yopp, and David Chen wrote this bylined article on the New York False Claims Act. Its impact on New York tax compliance “cannot be overstated [and] the stakes are huge because taxpayers can be held liable for treble damages,” the authors wrote. They also cited the NYFCA’s 10-year statute of limitations, its threat of subpoenas and its limits on accountant-client privilege. “Taxpayers should carefully weigh the effect of the NYFCA on their positions and compliance,” the authors urged.