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Tax Penalties To Avoid: Taxes Are High Enough Already

By Sidney Kess New York Law Journal February 22, 2023 Tax penalties can be costly and are not tax deductible. There are more than 150 penalties, some civil and some criminal. According to Table 26 in the IRS Data Book for fiscal year 2021 (//www.irs.gov/pub/irs-pdf/p55b.pdf),

Kostelanetz LLP 2022 Pro Bono Report

Kostelanetz LLP has a deep-rooted history of helping the underserved through pro bono legal work. We are passionate in our belief that pro bono service is a vital commitment for all law firms, and we take to heart, and strive to alleviate to the very

Kostelanetz Welcomes Two New Spelman Interns for Spring 2023

With the Kostelanetz LLP Spelman College Pre-Law Internship program entering its third year, we’re excited to announce that we have accepted two new Spelman students as pre-law paralegals for the Spring 2023 semester. Please join us in welcoming Melina Watson and Nadya Lopez. Melina is a Philosophy Major and Political Science

Key Changes From SECURE Act 2.0

By Sidney Kess New York Law Journal January 27, 2023 In 2019, the SECURE Act introduced a number of changes to rules for retirement plans and IRAs. Now SECURE Act 2.0, which was included in the Consolidated Appropriations Act, 2023, has more than 90 provisions

Crypto In Bankruptcy: Tax Apocalypse For Celsius Customers?

By Garrett L. Brodeur Bloomberg Tax Management Memorandum January 30, 2023 Introduction: In the aftermath of a series of bankruptcy filings by major cryptocurrency companies, a recent ruling on an ownership dispute in the bankruptcy case of Celsius Network LLC has placed certain interest-bearing account

Three Kostelanetz Attorneys Promoted to Counsel

NEW YORK (January 10, 2023) — Kostelanetz LLP is thrilled to announce that we have promoted three of our attorneys — Nicholas S. Bahnsen, Stephen Josey, and Wilda Lin — to Counsel. The promotions became effective on January 1. “Nick, Stephen, and Wilda have provided