Changes and quirks in New York City’s “revolving door” rules for public officials may make a mess of things in December if City Commissioners and other agency executives leave their posts early to avoid unanticipated effects of a 2019 referendum on the City’s Charter. In
Caroline D. Ciraolo was quoted in a recent Tax Notes article entitled “Tax Enforcement Announcements Are Overused, Defense Attorneys Say,” published on November 2, 2021. The article explores the intended and unintended consequences of the IRS and Justice Department publicizing enforcement efforts on tax compliance,
By Christopher M. Ferguson CPA Journal August/September 2021 Faced with shrinking budgets and resources, for more than a decade the IRS has been forced to do more with less. It has responded by turning to big data analytics. In recent years, the IRS has amassed
Caroline D. Ciraolo was quoted in a recent Tax Notes article entitled “Maryland Tax Court Won’t Issue Opinion on Foreign Earned Income Matter,” published on October 22, 2021. The article addresses the refusal of the Maryland Tax Court to issue a decision on the merits
On October 15, 2021, The U.S. Department of the Treasury announced new sanctions compliance guidance in the virtual currency industry from the Office of Foreign Assets Control (OFAC) and the publication of Ransomware Trends in Bank Secrecy Act Data by the Financial Crimes Enforcement Network
Megan L. Brackney was quoted in a recent CBS News article entitled “What’s Inside The Treasury’s Proposal To Track Nearly All Bank Accounts,” published on October 18, 2021. The article describes a recent Treasury proposal that would require banks to report annual gross in-flows and
