Hartford, Conn. (April 19, 2004) -- The Hartford insurance company confirmed that it received a subpoena from California's Franchise Tax Board related to certain transactions proposed by Big Four firm KPMG, which has been under scrutiny for its role in selling abusive tax shelters.
As WebCPA reported last week, the FTB, the department that administers state personal income and corporation taxes for the state of California, subpoenaed two major insurance companies that it says may have insured certain abusive tax shelters against government enforcement actions.
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