Megan L. Brackney was quoted in a Tax Notes article published May 17, 2024 titled “Reflecting on Tax Court Judges Both Inside and Outside the Courtroom.” In the article, Megan L. Brackney and Keith Fogg, emeritus clinical professor at Harvard Law School, reflect on their
Megan L. Brackney was quoted in a Bloomberg Tax article published May 20, 2024 titled “Wealthy Taxpayers Prep Years-Late Returns Ahead of IRS Crackdown.” Following a February 2024 announcement from the IRS that the agency would be pursuing wealthy taxpayers who failed to file their
Christopher M. Ferguson was quoted in a Tax Notes article titled “Employee Retention Credit Adviser Urges Court to Lift Moratorium,” on May 16th. The article discusses the potential implications of an injunction filed on May 14th with the U.S. District Court for the District of
By Ian Weinstock and Heather Fincher For nearly thirty years, taxpayers have been waiting for the IRS to issue regulations related to foreign trusts and foreign gifts. Since 1996, when Congress enacted a myriad of provisions to prevent tax avoidance through the use of foreign
Andy Weiner was quoted in a Bloomberg Tax article titled “Wealthy Taxpayers Alerted to Leaked Data Years After IRS Breach,” on April 24th. The article discusses IRS notices going out to taxpayers whose tax return information was compromised by Charles Littlejohn, sentenced to five years in prison
Kostelanetz LLP has filed an amicus brief on behalf of the Center for Taxpayer Rights in support of petitioner Philip G. Groves in Groves v. Commissioner, T.C. No. 9974-22L, a case involving the IRS’s assessment of tax penalties. The petitioner is challenging penalty liability on
On May 6, 2024, Kostelanetz attorneys Brian Wille and Usman Mohammad filed an amicus brief with the United States Court of Appeals for the D.C. Circuit in a tax whistleblower case captioned In re Sealed Case, D.C. Circuit Case No. 24-1001. Kostelanetz filed the amicus
The Internal Revenue Service recently wrapped up its 2024 “Dirty Dozen” campaign by warning taxpayers about promoters selling bogus tax strategies and fraudulent offshore schemes designed to reduce or avoid taxes. In its April 11 announcement, the IRS reminded taxpayers to “[r]ely on a reputable
Ciraolo Named to Top 50 Women and Nanavati Selected Among Top 100 Lawyers for 2024 WASHINGTON, D.C. (April 22, 2024) — Super Lawyers has selected Caroline D. Ciraolo and Jay R. Nanavati as “Top” attorneys in Washington, D.C., with Caroline being named to the rating agency’s “Top 50
On April 10, 2024, as part of the Dirty Dozen campaign, the Internal Revenue Service warned the public about three tax traps specifically targeted at wealthy individuals. The three tax traps include: Improper art donation deductions Charitable remainder annuity trust Monetized installment sales Improper Art
