In 2021, the U.S., along with 136 other countries, reached an agreement negotiated by the Organization for Economic Co-operation and Development (OECD), of which the U.S. is a member, the Base Erosion and Profit Shifting Project (BEPS), aimed at correcting global tax inequities enjoyed by
Tax Notes consulted Kostelanetz associate Garrett L. Brodeur for comments on the tax implications of the new Starbucks rewards program called Odyssey, which utilizes non-fungible tokens (NFTs). The use of NFTs introduces a variety of tax questions, which may remain unanswered until the IRS issues additional
On March 23, 2023, the IRS included improper fuel tax credit claims in its growing 2023 Dirty Dozen list of abusive tax scams. IR-2023-55. The fuel tax credit is reserved for off-highway businesses and farming use and is claimed by filing Form 4136, Credit for
On March 20, 2023, the IRS named widespread claims promoting Employee Retention Credits (ERC) to ineligible employers as the first entry on its 2023 Dirty Dozen list. This announcement follows three warnings issued by the IRS over the past six months related to the ERC
Kostelanetz dubbed “a go-to representative for contractors with New York City and state” NEW YORK (March 20, 2023) — Kostelanetz LLP partner Claude M. Millman has been recognized by City & State NY’s “Law Power 100” list for a fourth year in a row. City & State NY also dubbed Kostelanetz as “a
