Joe Banister - Revocation of CPA License and Disbarment From Practice Before The IRS

Revocation of CPA License and Disbarment From Practice Before The IRS

Banister's license as a Certified Public Accountant was revoked by the California Board of Accountancy, effective March 7, 2007.

The web site for the California Board of Accountancy notes that in December 2003, the U.S. Department of the Treasury ordered Banister disbarred from practice before the Internal Revenue Service (IRS), and that the disbarment was finalized in June 2004. The California Board of Accountancy also states:

On December 24, 2003, a decision in United States Department of Treasury Complaint No. 2003-2, Director, Office of Professional Responsibility v. Joseph R. Banister, ordered Mr. Banister disbarred from practice before the Internal Revenue Service (IRS). Mr. Banister appealed the decision. In a June 25, 2004, decision, the Department of Treasury denied Mr. Banister's appeal and adopted as its final agency action the underlying decision disbarring Mr. Banister from practice before the IRS.

The Department of Treasury found that Mr. Banister provided erroneous advice to taxpayers, including improperly advising them that tax returns were not required because IRS Code sections 861 through 856 define "source of income" in a manner that excluded the income of United States citizens residing in the United States from United States tax.

The revocation of Banister's California CPA license was affirmed by the Court of Appeals of California.