New York (October 29, 2020) — Kostelanetz & Fink, LLP, is pleased to announce that John D. (Don) Fort, the former Chief of the Internal Revenue Service’s Criminal Investigation (CI) Division, has joined the firm as Director of Investigations. Fort departed the IRS at the
On October 27, 2020, Michael Sardar presents a webinar entitled “Penalty Standards for the Taxpayer and the Preparer” for the CPA Academy. When the IRS audits a taxpayer and determines that additional tax is due, the taxpayer may be subject to penalties in addition to
Caroline Ciraolo was quoted today in the Wall Street Journal regarding two major criminal tax investigations pursued by the U.S. Department of Justice, including one the Journal describes as the “largest criminal tax prosecution ever brought.” As Caroline notes, “These extraordinary cases show the reach
By: Sidney Kess and Thomas K. Lauletta Estate Planning Review—THE JOURNAL VOLUME 46 | ISSUE 10 | OCTOBER 22, 2020 Many experts are focusing primarily on the tax issues that are likely to arise as a result of the election, such as changes in the wealth
On Friday, October 16, 2020, at 6:30 pm Eastern, the Financial Crimes Enforcement Network (“FinCEN”) released yet another announcement, this time extending the deadline for all Reports of Foreign Bank and Financial Accounts (FBARs) (FinCEN Form 114) for the 2019 calendar year to October 31,
The Financial Crimes Enforcement Network (FinCEN) announced Tuesday that it is extending the deadline for filing FinCEN Form 114, Reports of Foreign Bank and Financial Accounts (the “FBAR”), for all persons located in several natural disaster areas throughout the country, as recently designated by FEMA.
Robert M. Russell, a member of the Federal Bar Association (FBA) Section on Taxation, completed his term as Chair-Elect and was appointed as Chair of the FBA Section on Taxation for the 2020-2021 committee year. The FBA Section on Taxation promotes the welfare, interests, education,
With the October 15 filing deadline approaching for individuals (and calendar-year C corporations) who have obtained extensions to file their income tax returns, it is worth reflecting on the dangerous consequences of falling behind with filing tax returns, particularly if you are a licensed professional,
By Claude M. Millman, with Russell A.S. Wirth New York Law Journal October 1, 2020 The New York State Court of Appeals is poised to hear oral argument in a case about the financing of a luxury, residential tower on Sutton Place in Manhattan—but some not-for-profits are
By Olivia H. Renensland Law360 September 30, 2020 In the fall of 1970, future U.S. Supreme Court Justice Ruth Bader Ginsburg and her husband Martin Ginsburg decided to take on Moritz v. Commissioner, representing Charles Moritz in his appeal of a U.S. Tax Court decision that
