Caroline Rule was quoted in a recent Bloomberg Tax article about the broad implications of a corporate tax loophole that the U.S. Tax Court upheld in its August 2024 decision in Varian Medical Systems Inc. v. Commissioner, 163 T.C. No. 4. The article, titled “Cisco,
Kostelanetz attorneys Andrew Weiner and Abigail Burke were quoted in Thomson Reuters tax and accounting publication, Checkpoint, regarding the case of John Paul Salvador v. United States (No. 24-108). Previously, Andrew and Abigail co-authored an amicus brief on behalf of the American College of Tax
Kostelanetz partner Christopher M. Ferguson was quoted in a Forbes article about the end of the Employee Retention Credit (ERC) voluntary disclosure program (the ERC-VDP). The ERC-VDP, which ended on November 22, 2024, was an IRS initiative that permitted businesses to return refunds they erroneously
Kostelantz Partner, Christopher Ferguson announces last call for the Internal Revenue Service’s Employee Retention Credit (ERC) Voluntary Disclosure Program. The second iteration of the Internal Revenue Service‘s employee retention credit (“ERC”) voluntary disclosure program (the “ERC-VDP”) is set to expire next Friday, November 22, 2024. The
Kostelanetz partner Jay R. Nanavati was quoted in a Law360 article on the ways that cryptocurrency is affecting the size and scope of tax fraud cases undertaken by the IRS and other federal agencies. Jay spoke at the UCLA Tax Controversy Conference in October 2024,
Kostelanetz associate Abigail Burke led the October Women in Tax Forum’s Zoom Tea with Guinevere Moore of Moore Tax Law Group. The Zoom Tea is a virtual discussion hosted monthly by the ABA Tax Section’s Women in Tax Forum to enjoy a hot beverage and
Kostelanetz partner Caroline Ciraolo and Hochman Salkin Toscher Perez principal Sandra Brown will be honored on November 7, 2024, at the 2024 Annual Meeting of the California Tax Bar and Tax Policy Conference in Anaheim, California. The Women in Tax Standing Committee plans to hold
Kostelanetz partner Michael Sardar was quoted in Tax Notes regarding proposed changes by the IRS concerning taxpayers burdened with penalties stemming for late-filed foreign trust and gift reports (Forms 3520 and 3520-A). The Tax Notes article covered an October 31 panel at the Procopio International
Kostelanetz attorneys Andrew Weiner and Abigail Burke co-authored an amicus brief filed by the American College of Tax Counsel (ACTC) on August 29, 2024, in the case of John Paul Salvador v. United States (No. 24-108). The issue in Salvador’s case was whether a late
While speaking at the UCLA Tax Controversy Conference in Los Angeles, IRS Commissioner Danny Werfel announced a change in how the IRS will apply penalties to late reporting of foreign gifts and inheritances and the reporting of foreign trusts. Effective immediately, the IRS will no
