In a recent Law360 article by Amy Lee Rosen entitled “5 Federal Tax Cases To Watch In The 2nd Half Of 2020,” Robert M. Russell discussed the anticipated importance of U.S. v. Altaba, an atypically early tax dispute presently taking off in Delaware district court. Excerpts
In a recent Tax Notes article by Kristen A. Parillo entitled “New IRS Practice Unit Explains Penalty Relief,” Yoram Keinan discusses the merits of the IRS’s latest guidance that overviews the reasonable cause exception for penalties. Excerpts from the article are below: “There is no
In a recent Wall Street Journal article by Laura Saunders entitled “File Your Taxes, Even if You Can’t Pay,” Bryan C. Skarlatos provided advice to taxpayers on how to minimize financial fallout this tax season, during the unprecedented times of COVID-19. Excerpts from the article
In a recent Tax Notes article by Andrew Velarde entitled “Individuals Now a Target for LB&I Transition Tax Campaign,” Robert M. Russell discussed the IRS announcement that the Section 965 transition tax will now become an area of enforcement as applied to non-corporate taxpayers. Excerpts
Kostelanetz & Fink is proud to join forces with other law firms across the country in combating systemic racism as part of the new Law Firm Anti-Racism Alliance (LFAA), which will provide pro bono counsel in concert with legal services organizations and other stakeholders focused
Kostelanetz & Fink attorneys Yoram Keinan and Robert Russell were proud to volunteer for the IRS’s first-in-the-country Virtual Settlement Days with the University of Michigan Law School’s Low-Income Tax Clinic (LITC) on May 9 and May 12, 2020. The IRS held settlement conferences for 42 docketed U.S. Tax Court
IRS Continues to Issue Guidance for International Taxpayers in Light of COVID-19 As COVID-19 continues to impact daily life, the IRS has published guidance to address the tax consequences for certain international taxpayers. Recent travel restrictions could require individuals to remain in locations longer than
When the IRS audits a taxpayer and determines that additional tax is due, the taxpayer may be subject to penalties in addition to the tax due. Further, the tax practitioner involved in preparing that tax return may also be subject to penalties. This course covered
The Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”) was signed into law by President Trump on June 5, 2020. The PPPFA intends to provide flexibility for businesses making use of Paycheck Protection Program (“PPP”) funds by: extending the “covered period;” increasing the amount of
Caroline Ciraolo made substantive contributions to the American Bar Association Taxation Section Comments on the proposed changes to Tax Court Rule 24. The comments were formally submitted to Chief Judge Foley of the U.S. Tax Court on June 1, 2020. The Tax Section’s comments can
