NEW YORK (August 16, 2024) — Best Lawyers in America® has selected Kostelanetz LLP partners Caroline D. Ciraolo and Bryan C. Skarlatos for one of the ranking agency’s highest honors, naming both as a “Lawyer of the Year” for 2025. Caroline has been recognized as
Service Hopes Taxpayers Will Take a Second Look at Paid Claims The Internal Revenue Service (IRS) today announced the temporary reopening of the Voluntary Disclosure Program (VDP) for potentially erroneous Employee Retention Credit (ERC) claims. Participation in the VDP allows businesses to repay improper ERC
NEW YORK (August 15, 2024) — Best Lawyers in America® has recognized 15 Kostelanetz attorneys for its 2025 edition. Individual lawyers at Kostelanetz LLP have been recognized for their work in the firm’s key practice areas of tax law, tax controversy, and tax fraud, including litigation; white-collar criminal
50,000 low-risk claims could be paid as soon as September The Internal Revenue Service (IRS) touted its rejection of thousands of ERC claims in the agency’s latest update on Employee Retention Credit (ERC) claims today. The announcement contains updated information on claims disallowances but also
The IRS celebrated National Whistleblower Appreciation Day on July 30 to recognize the important role whistleblowers play in supporting the United States tax administration, but, in issuing his statement of appreciation, IRS Whistleblower Office Director John Hinman clearly used the opportunity to respond to tax
Taxpayers Could Face Penalties, Interest, and Audits If Claims Are Found to Be Erroneous The Internal Revenue Service (IRS) is stepping up its rhetoric regarding potentially fraudulent Employee Retention Credit (ERC) claims, urging businesses to withdraw erroneous claims before the IRS reviews them and issues
Before the end of the U.S. Supreme Court’s term in June, the Court issued a landmark decision in SEC v. Jarkesy, et al., holding that the Seventh Amendment entitles a defendant to a jury trial when the U.S. Securities and Exchange Commission (“SEC”) pursues civil
Three Partners Also Named Leading Lawyers for High-Net-Worth Private Clients NEW YORK (July 22, 2024) — Kostelanetz LLP has been recognized by Chambers and Partners as a top-tier, Band 1 firm for high-net-worth private tax clients in its 2024 High Net Worth (HNW) Guide. In addition to the firm’s
TaxNotes quoted Andrew Weiner in an article titled “Supreme Court Opens Door to APA Challenges of Older Tax Regs,” published July 2, 2024. The article covers a recent Supreme Court holding in Corner Post Inc. v. Federal Reserve, a nontax case, that the six-year time bar
On July 8, 2024, the ABA Sections of Taxation and Real Property, Trust and Estate submitted comments on the proposed regulations under Internal Revenue Code (IRC) §§ 643(i), 679, 6039F, 6048, and 6677 regarding transactions with foreign trusts and information reporting on transactions with foreign
