Caroline Ciraolo and Abigail Burke co-wrote an article for Bloomberg Tax, “How Tax Pros Can Shift from Government to Private Sector Work.” The article addresses the recent reductions in the federal workforce that are forcing many skilled and experienced tax professionals to consider transitioning from public service to private practice,
Kostelanetz partner Jay R. Nanavati was quoted in a Law360 article on the ways that cryptocurrency is affecting the size and scope of tax fraud cases undertaken by the IRS and other federal agencies. Jay spoke at the UCLA Tax Controversy Conference in October 2024, an annual event dedicated to
While speaking at the UCLA Tax Controversy Conference in Los Angeles, IRS Commissioner Danny Werfel announced a change in how the IRS will apply penalties to late reporting of foreign gifts and inheritances and the reporting of foreign trusts. Effective immediately, the IRS will no longer automatically assess penalties on
By Abigail Burke ABA Tax Times Volume 43, No. 1 – Fall 2023 This article summarizes the tips for effective Tax Court advocacy presented in the ABA’s virtual CLE presentation titled “Making Your Case in Tax Court: Advocacy Tips.” […] Click here for the full article. Read the new ABA
By Ian Buksunski and Abigail Burke The CPA Journal September/October 2023 The article discusses upcoming changes to small-business reporting requirements enacted as part of the Corporate Transparency Act, including who is required to report under the law, what information must be included, and the penalties for noncompliance. […] Published with
By Caroline Rule ABA Tax Times Volume 42, No. 4 – Summer 2023 In the next Supreme Court term, the Justices will hear argument on whether the Mandatory Repatriation Tax (MRT), violates the Sixteenth Amendment. Depending on how the Court decides this issue, the case could be the most important
