Megan L. Brackney was quoted in a recent Tax Notes article entitled “Second Circuit Hands Government Win on Foreign Trust Penalties,” published on July 29, 2021. Brackney analyzes the District Court’s decision that trust beneficiary reporting penalties can also apply to the owner of a
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Most Partnerships Are Staying in the Centralized Audit Regime,” published on July 14, 2021. Brackney analyzes the determination by partnerships to stay in or elect out of the centralized partnership audit regime enacted
Don Fort was quoted in a recent Tax Notes article entitled “Multiyear Budget Necessary to Meet IRS Hiring Goals, Fort Says,” published on June 28, 2021. Fort discusses the IRS’ need for consistent multiyear funding in order to “meet its hiring targets and fulfill Treasury and the Biden
Robert M. Russell, a member of the The American Institute of Certified Public Accountants, was appointed as Chair of the International Technical Resource Panel (TRP) for the 2021-2022 committee year. The International TRP acts as the primary representative for the AICPA before Congress, Treasury, and
The Internal Revenue Service (IRS) recently announced that the annual IRS Nationwide Tax Forum will be held virtually this year, beginning July 20, 2021. Traditionally, the Forum is hosted in multiple U.S. cities during the summer months. However, to protect participant and presenter health and
New York (June 28, 2021) — Kostelanetz & Fink has been named a leading tax controversy law firm by the independent rankings agency The Legal 500 and partner Caroline Ciraolo has been recognized as a “Leading Lawyer.” In its recently published 2021 rankings, The Legal
In the fourth episode of the Financial Crimes – Dirty Money Stories podcast, K&F partner Christopher Ferguson joins AML RightSource Executive Vice President John Byrne and AML RightSource Creative Director Elliot Berman to discuss the recently adopted Anti-Money Laundering Act of 2020 and some of its
The American Bar Association’s (ABA) Section of Taxation announced recently that Kostelanetz & Fink partner Caroline D. Ciraolo will become the section’s first Vice Chair of Membership, Diversity, and Inclusion. Her term will begin following the ABA Annual Meeting in August. The Tax Section announced
New York (June 9, 2021) — Three Kostelanetz & Fink partners —Megan L. Brackney, Caroline D. Ciraolo, and Sharon L. McCarthy — have been named to Best Lawyers’ “Women in the Law” List. In its recently released Spring 2021 issue, Best Lawyers Business Edition notes
Megan L. Brackney was quoted in a recent Tax Notes article entitled “What’s Reasonable for Late-Filed Foreign Information Returns?,” published on June 7, 2021. Brackney discusses the IRS’ practice of automatically assessing penalties on taxpayers who file late international information returns. The article notes: “It’s
