On November 22, 2023, the U.S. Treasury Department Financial Crimes Enforcement Network (FinCEN) issued an alert urging financial institutions to be vigilant about identifying and reporting possible fraud schemes related to the COVID-19 Employee Retention Credit (ERC). FinCEN issued the alert “in close coordination” with
Andy Weiner was quoted in an article published by The Washington Post on November 27, 2023, titled “This lawsuit could disrupt the U.S. tax system. Key facts are in dispute.” The article discusses Charles G. Moore et al. v. United States (No. 22-800) in the Supreme
Following the sad passing of Kostelanetz counsel Sidney Kess in September, the CPA Journal published a remembrance entitled “Loss of a CPA Giant, Mentor, and Friend.” The article looks back on Sid’s remarkable seven decades of work in the accounting and tax law fields, as
On October 30, 2023, the Legal Aid Society of New York awarded Claude M. Millman and Ashley Morales 2023 Pro Bono Publico Awards for their outstanding achievement in pro bono services. Each year, the Legal Aid Society works with over 100 law firms and 2,000
NEW YORK (November 2, 2023) — Kostelanetz LLP has been recognized for its “professional excellence” in all of our firm’s primary practice areas — Tax Law; Litigation and Controversy – Tax; Criminal Defense: White-Collar; Commercial Litigation; and Trusts & Estates — by the 2024 U.S. News – Best Lawyers® “Best
Andy Weiner was quoted in a Law360 article titled “Tax Profs Urge Justices to Uphold Repatriation Levy” on October 20, 2023. The Supreme Court will hear a challenge to the transition tax under Internal Revenue Code Section 965 in the case Charles G. Moore et
Kostelanetz has filed an amicus brief on behalf of Professors Reuven Avi-Yonah, Clinton Wallace, and Bret Wells in the U.S. Supreme Court case of Charles G. Moore v. United States (No. 22-800). The case involves a constitutional challenge to the transition tax under Section 965
The Internal Revenue Service has announced the much-anticipated procedures by which employers that applied for the Employee Retention Credit (“ERC”) can withdraw their claims. According to the IRS, many of the 3.6 million ERC claims filed are improper, due in part to misleading claims about
Claude M. Millman was quoted in a September 21, 2023 City & State New York article titled “City & State’s Government Procurement conference focuses on modernization.” City leaders, lobbyists and procurement specialists gathered at the Museum of Jewish Heritage for City & State’s Government Procurement
Bryan C. Skarlatos was quoted in an October 5th, 2023 article published in The Wall Street Journal titled “IRS Fight Against Pandemic Tax-Credit Scams Won’t Be Simple or Fast.” The Internal Revenue Service has labeled promoters of a popular pandemic-era tax credit, employee-retention credits, or
