On November 9, 2022, the U.S. Tax Court dealt a powerful blow to the IRS’s ongoing attacks on charitable deductions related to syndicated conservation easements. In Green Valley Investors, LLC, et al. v. Comm’r, 159 T.C. No. 5, a ruling supported 15-2 by the Court’s
In its October 18, 2022, Tax Tip (Tax Tip 2022-159), the IRS encourages individuals and businesses with outstanding federal tax debt to consider an Offer in Compromise (“OIC”). Through an OIC, a taxpayer may apply to enter an agreement with the IRS to settle a
Kostelanetz LLP believes that the quality of its client service is enhanced through its investments in team building and professional development. So, in October, the entire firm (lawyers, paralegals, and staff) departed simultaneously on buses from our New York City and Washington, D.C., offices and
NEW YORK (November 7, 2022) — Kostelanetz LLP has been recognized for its “professional excellence” in Tax Law, Litigation – Tax, Commercial Litigation, and Criminal Defense: White Collar by the 2023 U.S. News – Best Lawyers® “Best Law Firms” list. In addition, the firm has been recognized
Robert Nordlander interviews Don Fort, former Chief of the Internal Revenue Service’s Criminal Investigation Division, about his journey to becoming an IRS special agent, the theory to seize assets from Russian Oligarchs, the importance of mentors in this career, and having a positive attitude when
Megan L. Brackney was quoted in an article in Tax Notes titled “IRS Appeals Training Materials on Reasonable Cause Worry Practitioners” on October 6, 2022. The article discusses the implications of recently disclosed training materials related to international information return penalties from the IRS Independent Office of
In its September 7, 2022, Tax Tip (Tip 2022-137), the IRS reminds employers of the sometimes overlooked work opportunity tax credit (WOTC). Extended through the end of 2025, the WOTC incentivizes businesses to hire individuals certified as members of ten groups that normally face significant
NEW YORK (Oct. 4, 2022) – Kostelanetz & Fink partner Sharon L. McCarthy has again been named by Super Lawyers as one of the “Top 100” attorneys and one of the “Top 50 Women” lawyers in the New York Metro Area for 2022. Super Lawyers notes that, “Super Lawyers recognizes
NEW YORK (September 29, 2022) – New York Metro Super Lawyers has selected 11 Kostelanetz & Fink attorneys for inclusion on its 2022 list, recognizing the firm’s experience and skill in the areas of Tax, Criminal Defense: White Collar, and Business Litigation. Super Lawyers describes itself as
WASHINGTON, D.C. (September 20, 2022) — Kostelanetz & Fink is proud to announce that partner Jay R. Nanavati has become a Fellow of the American College of Trial Lawyers (“the College”), one of the premier legal associations in North America. The induction ceremony at which
