By Sidney Kess The CPA Journal April 2020 The coronavirus (COVID-19) pandemic has not only upended the economy; it has also been the catalyst for several tax changes. The Families First Coronavirus Response Act (H.R. 6201), which was signed into law on March 18, 2020, creates
By Sidney Kess and Julie Welch The CPA Journal April 2020 The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law by President Trump on December 20, 2019, as part of funding legislation for the federal government, has many provisions relating to financial
By Sidney Kess and Julie Welch The CPA Journal April 2020 The Setting Every Community Up for Retirement Enhancement (SECURE) Act has many provisions relating to financial planning, especially retirement planning with IRAs and employer-sponsored plans. Among the provisions attracting the most attention is the curtailing
Kostelanetz & Fink partner Bryan Skarlatos was quoted and his photograph was featured in the New York Times this weekend regarding an art fraud case that has been described as “one of the largest art world scandals of recent times.” Mr. Skarlatos represents one of
WASHINGTON, D.C. (April 17, 2020) – Kostelanetz & Fink is pleased to announce that partners Caroline D. Ciraolo and Jay R. Nanavati have been selected for inclusion on the 2020 Washington DC Super Lawyers list. Ciraolo, who was previously included on the list in 2018
By Nicholas S. Bahnsen The CPA Journal April 2020 Edition In March 2020, the IRS announced an exemption to the information reporting requirements applicable to foreign trusts. Under this exemption, qualified individuals no longer need to report transactions with or ownership of applicable tax-favored foreign trusts
Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled “New Exec Could Help IRS Efficiently Tamp Down Tax Schemes,” which explores how the “creation of a tax scheme promoter investigation coordinator role and a new fraud enforcement unit could help the cash-strapped agency more
By Caroline D. Ciraolo Journal of Tax Practice and Procedure Spring 2020 Edition At the 35th Annual UCLA Extension Tax Controversy Institute, Caroline D. Ciraolo and her fellow panelists addressed international tax compliance and enforcement, including what’s old, what’s new and what we can expect going forward.
Seven New York City students who didn’t get into specialized high schools are asking the state education commissioner to ensure they get spots, saying the city’s diversity push unfairly denied them seats for the fall. Their challenge argues the city’s expansion of the so-called Discovery
In its continued response to the coronavirus pandemic, the IRS issued on April 9, 2020, Notice 2020-23, which extends various tax-related deadlines that were not previously extended by IRS Notice 2020-18 and its related Frequently Asked Questions (“FAQs”). Under Treasury regulations, the Secretary of the
