Published on May 19, 2009 | by LawNews
Prof. Linda Galler Quoted in Tax Notes on Difficulty of Defining Due Diligence
Professor of Law Linda Galler was quoted in the May 18, 2009 ABA Section of Taxation Meeting Tax Notes.
Gray said practitioners have a duty to tell clients of FBAR requirements as part of the due diligence requirements of Circular 230. Prof. Linda Galler of Hofstra University School of Law said the notion of due diligence is difficult to define. ABA Model Rule 1.3 speaks to the notion of practitioner diligence but does so more in the sense of promptness than competency, she said.