Caroline D. Ciraolo was quoted in a recent Tax Notes article entitled “Streamlined Filing May Require Longer Transition Tax Lookback,” published on August 31, 2021. The article addresses the IRS recent modification of the Streamlined Filing Compliance Procedures to expand the lookback period for required
Stephen Josey has been appointed co-chair of the New York City Bar Association’s Personal Income Tax Committee, effective Sept. 1, 2021. According to the NYCBA, the Personal Income Taxation Committee “focuses on many different areas of federal and state taxation involving individuals and addresses a
Robert M. Russell was quoted in a recent Tax Notes article entitled “International Tax Draft Offers New Details, but Major Gaps Remain” published on August 26, 2021. Russell comments on the latest draft international tax proposal from Senate Finance Committee Democrats, released on August 25,
Caroline D. Ciraolo was quoted in a recent Tax Notes article entitled “Panamanian Summons Seen as Better Path to Law Firm Client Info,” published on August 11, 2021. The article addresses the John Doe summons authorized on July 15, 2021 to obtain information from third
Bryan Skarlatos recorded a seminar entitled “What Every Matrimonial Judge Should Know About a Tax Return” for the New York State Judicial Institute’s 2021 Virtual Judicial Summer Seminar. In the seminar, judges will learn how to read tax returns and find the information that is
The Internal Revenue Service (IRS) Security Summit is hosting its annual summer campaign “Protect Your Clients; Protect Yourself” to encourage stronger security among tax preparers. This year’s theme is entitled “Boost Security Immunity: Fighting Against Identity Theft” and focuses on the risk of data and
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Second Circuit Hands Government Win on Foreign Trust Penalties,” published on July 29, 2021. Brackney analyzes the District Court’s decision that trust beneficiary reporting penalties can also apply to the owner of a
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Most Partnerships Are Staying in the Centralized Audit Regime,” published on July 14, 2021. Brackney analyzes the determination by partnerships to stay in or elect out of the centralized partnership audit regime enacted
