On June 28, 2023, Caroline D. Ciraolo participates in a panel titled “Coming in from the Cold: The Future of Voluntary Disclosures” for the CPA Academy.

Description:

For more than 70 years, the IRS has had 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. 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 will discuss the latest voluntary disclosure procedures, including the application of the program to cryptocurrency, and provide suggestions on how practitioners should advise their clients to make the best use of the new voluntary disclosure procedures.

Moderator:

• Phillip J. Colasanto, Withersworldwide

Panelists:

• Caroline D. Ciraolo, Kostelanetz LLP
• Daniel N. Price, Law Offices of Daniel N. Price, PLLC
• Michel Stein, Hochman Salkin Toscher Perez, P