On April 19, 2022 the Internal Revenue Service (IRS) announced that the annual IRS Nationwide Tax Forum will be held virtually this year, beginning July 29, 2022. Like last year’s event, the 2022 IRS Nationwide Tax Forum will be broken into a series of live-streamed
Don Fort was quoted in a recent CNN article entitled “Federal Funding Shortfall to IRS Threatens US Sanctions Enforcement on Russian Oligarchs,” published on March 27, 2022. The article notes: “How seriously are we really taking the sanctions problem if you’re not properly funding the
As taxpayers prepare to file their 2021 tax returns, we note that the IRS recently announced in IRS Tax Tip 2022-17, February 1, 2022 (“the Tax Tip”), that it is “committed to ensuring that taxpayers pay no more than the correct amount of tax.” Taxpayers’
In a recent article entitled “Social Service Nonprofits Sue City Over Pro-Union Law,” published on January 9, 2022, THE CITY reported on a pro bono case brought by Kostelanetz & Fink on behalf of The Human Services Council. According to the article, the Human Services
Don Fort was quoted in a recent Tax Notes article entitled “IRS Leverages Technology Tools to Find Taxpayers’ Cryptocurrency,” published on January 12, 2022. The article includes comments made by Fort and other participants during a January 11th webinar sponsored by the Federal Bar Association
On October 15, 2021, the IRS published a press release to announce updates to the Service’s process for maintaining answers to frequently asked questions (FAQs) about new and emerging tax legislation. In addition, the IRS also released clarification about the penalty implications for taxpayers who
Megan L. Brackney was quoted in a recent Tax Notes article entitled “A Look Ahead: Mo’ BBA Audits, Mo’ Problems,” published on December 30, 2021. Brackney analyzes potential issues with the implementation of Bipartisan Budget Act “BBA” procedures to IRS partnership audits. The article notes:
Claude M. Millman was quoted in a recent New York Post article entitled “De Blasio Admin’s $34B Health Insurance Contract Doesn’t Add Up: Rival Bidder,” published on November 28, 2021. In the article, Millman comments on the City of New York’s recent procurement of a
Robert M. Russell was quoted in a recent Tax Notes article entitled “International Tax Draft Offers New Details, but Major Gaps Remain” published on August 26, 2021. Russell comments on the latest draft international tax proposal from Senate Finance Committee Democrats, released on August 25,
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Most Partnerships Are Staying in the Centralized Audit Regime,” published on July 14, 2021. Brackney analyzes the determination by partnerships to stay in or elect out of the centralized partnership audit regime enacted
