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Garrett L. Brodeur Featured On Tax Notes Talk Podcast Titled “Cryptocurrency and the Newly Proposed Tax Rules on Digital Assets”

Garrett L. Brodeur was featured on a recent Tax Notes Talk podcast, released on September 21, 2023, titled “Cryptocurrency and the Newly Proposed Tax Rules on Digital Assets.” On the podcast, Brodeur discussed recent proposed regulations on digital asset transactions and tax information reporting by

IRS Announces Plans to Establish a Special Enforcement Team to Shine the Spotlight on Large Partnerships and High Net Worth Individuals

On September 8, 2023, the IRS announced a “sweeping effort” to target America’s wealthiest taxpayers. IRS Commissioner Daniel Werfel described enforcement actions, which will be funded by the Inflation Reduction Act of 2022 and will include the scrutiny of returns filed by 75 partnerships with over $10

ChatGPT for Legal and Tax Professionals

By Garrett L. Brodeur, Grace Hall, and Ella Tynch CPA Journal September 2023 Since the introduction of ChatGPT in November 2022, artificial intelligence (AI) has taken the legal and accounting professions by storm. The use of AI in legal proceedings has already made headlines and research

Trump Cases Put the Crime-Fraud Exception in the Spotlight

By Sharon L. McCarthy and Daniel C. Davidson New York Law Journal September 15, 2023 “Attorney-client privilege is dead!” So declared then-President Donald Trump in a tweet after a 2018 law enforcement raid on his former lawyer Michael Cohen’s office. In fact, various investigations into

IRS Announces Immediate Moratorium on Processing ERC Claims

IRS Also Forecasts ERC Settlement Program On September 14, 2023, IRS Commissioner Danny Werfel ordered an immediate moratorium on the processing of Employee Retention Tax Credit (“ERC”) claims. According to the IRS, the moratorium will be in place through at least December 31, 2023. The moratorium

WATCH: Kostelanetz Goes to Cambridge International Symposium on Economic Crime

Caroline D. Ciraolo and Director of Investigations Don Fort recently attended the 40th Cambridge International Symposium on Economic Crime held at Jesus College in Cambridge University. The two delivered keynotes and moderated panel discussions about some of the biggest challenges in financial crime cases today.

Payroll Tax Evasion Notice Suggests FinCEN’s New Focus

By Andrew Weiner and Jay R. Nanavati Law360 September 6, 2023 On Aug. 15, the Financial Crimes Enforcement Network within the U.S. Department of the Treasury issued Notice FIN-2023-NTC1 to advise U.S. financial institutions of the need to report payroll tax evasion and workers’ compensation

Diversity In The Tax Bar — Reflections On Lessons Learned And The Path Forward

By Stephen A. Josey, Sanessa S. Griffiths, Alyssa Pratt, and Lena Qiu Tax Notes Volume 180, September 4, 2023 Stephen Josey, Sanessa Griffiths, Alyssa Pratt, and Lena Qiu are tax practitioners who attended and reported on 9 panels conducted by the Tax System Working Group

International Tax Review/World Tax Recognizes Kostelanetz As Top Tier Tax Controversy Firm And Four Attorneys As “Highly Regarded”

NEW YORK (September 5, 2023) — Kostelanetz LLP has been recognized by International Tax Review/World Tax as a top-tier firm for tax controversy in the publication’s 2024 rankings guide. Additionally, four of the firm’s partners have been recognized as “Highly Regarded” tax controversy practitioners. Both the