Christopher Ferguson and Michael Waalkes write in a recent CPA Journal article about the increased popularity of decentralized finance (“DeFi”) and the complicated tax issues triggered by DeFi activity. DeFi is a blockchain-based, peer-to-peer system that is used for conducting financial activity without the need
Christopher Ferguson, Daniel Davidson, and Samuel Tadmiri write in a recent Law360 article about the future of enforcement against alleged fraud in economic relief programs passed under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The article notes that the CARES Act turned
Jay Nanavati was quoted in a Tax Notes article about how IRS enforcement of Puerto Rico’s Act 60 may be impacted by recent reductions in the federal workforce. The article, titled “IRS Enforcement of Act 60 Comes Into View Amid Workforce Purge,”examines how significant funding
Caroline Ciraolo and Todd Welty Named “Leading Partners” NEW YORK (June 23, 2025) — Kostelanetz LLP has been named a leading U.S. tax controversy firm by Legal 500 for 2025. In addition, partners Caroline D. Ciraolo and Todd Welty have been named to the Legal
Kostelanetz partner Michael Sardar was recently elected a Fellow of the American College of Tax Counsel (ACTC), which describes itself as “a nonprofit association of tax attorneys in private practice, law, business, graduate school teaching positions, and government, who are recognized for their excellence in
New York, D.C., and Georgia Offices Recognized as Tax Law Leaders NEW YORK (June 5, 2025) — Chambers USA has ranked Kostelanetz LLP as a leading firm for tax controversy, tax fraud, and white-collar defense and government investigations and has ranked all three of the
Gray Proctor was quoted in a series of Tax Notes articles covering the emerging split of authority on which court has jurisdiction to hear challenges to presidential authority to levy tariffs under the International Emergency Economic Powers Act (“IEEPA”). On May 28, 2025, the U.S.
On May 29, 2025, the Securities and Exchange Commission’s Division of Corporation Finance (“Corp Fin”) issued a Statement on Certain Protocol Staking Activities. The staff-level guidance addresses the staking of “Covered Crypto Assets” (described below) on networks that use proof-of-stake (“PoS”) as a consensus mechanism
Ciraolo Also Named to Top 50 Women Lawyers in DC WASHINGTON, D.C. (May 29, 2025) —Caroline D. Ciraolo and Jay R. Nanavati have been named by Super Lawyers as top-rated attorneys in Washington, D.C., with Caroline being selected as a leading tax attorney and Jay as a leading white-collar
Bill Would Bar ERC Claims Filed After January 31, 2024 Yesterday, the House of Representatives passed the “One Big Beautiful Bill Act.” Included among the sweeping 1,000-page legislative package are provisions (Section 112205: Enforcement Provisions with Respect to COVID-Related Employee Retention Credits) that, if enacted
