On June 24, 2022, Caroline D. Ciraolo participates in a panel entitled “Coming in From the Cold: The Future of Voluntary Disclosures” at the 14th Annual NYU Tax Controversy Forum.

Description:

For more than 70 years, the IRS has maintained a voluntary disclosure policy designed to encourage taxpayers to come in from the cold and self-report noncompliance. In 2018, the voluntary disclosure program was updated to provide new procedures. In its most recent annual report, the Taxpayer Advocate Service noted that the new procedures are substantially more onerous and uncertain than the old procedures, and may actually discourage taxpayers from stepping forward to self-disclose. This panel discusses the latest voluntary disclosure developments, including the application of the updated program to cryptocurrency, and provides suggestions on how practitioners should advise their clients to make the best use of the new voluntary disclosure procedures.

Moderator:

Phillip Colasanto, Esq., Associate, Agostino & Associates, PC, Hackensack, NJ

Panelists:

Caroline D. Ciraolo, Esq., Partner, Kostelanetz & Fink, Washington, DC
Mark Matthews, Esq., Member, Caplin & Drysdale, Washington, DC
Michel R. Stein, Esq., Principal, Hochman Salkin Toscher Perez, PC, Beverly Hills, CA

Click here for more information and to register.