In a Reuters Legal News article titled “Is now the time to seek relief from SEC industry bars and professional suspensions,” Victor Suthammanont writes that the Securities and Exchange Commission (SEC) has shown a recent willingness to grant relief to securities industry participants who have previously been permanently barred from
Kostelanetz partner Michael Sardar will speak at New York City Bar’s Tax Law Conference 2025 on Thursday, June 12, 2025. Michael will deliver a presentation titled “Circular 230 Discussion: What should tax professionals do when they discover an error on a client’s prior tax return” from 4:00 pm to 4:50
Kostelanetz counsel Gray Proctor wrote an article for the Florida Bar Journal titled “Twelve Angry Taxpayers: Why the Constitution Might Guarantee a Jury Trial for Accuracy and Fraud Penalties in Tax Cases after SEC v. Jarkesy.” Gray examines the U.S. Supreme Court’s June 2024 decision in SEC v. Jarkesy, et al.,
Kostelanetz attorneys Andrew Weiner, Todd Welty, and Gray Proctor have filed two friend of the court (amicus) briefs on behalf of the Center for Taxpayer Rights in cases in which taxpayers are seeking jury trials to challenge civil tax fraud penalties issued by the IRS or the U.S. Tax Court.
For organizations facing the potential loss of their tax-exempt status, the procedures for challenging a proposed or actual revocation may seem overwhelmingly complex. While the underlying issues involved may be complicated, focusing on three key procedural considerations can help to clarify the path forward. Protest within 30 days. The law
Businesses that employ individuals who are not authorized to work (unauthorized individuals) in the United States are the subject of increasing scrutiny by the Internal Revenue Service (IRS), Homeland Security Investigations (HSI), the Department of Labor (DOL), and other federal and state government agencies. Recently, the IRS and the Department
Chris Ferguson was quoted in a Tax Notes article titled “The IRS Is Getting Fewer FOIAs. Why Aren’t Response Times Improving?” Chris noted that the IRS’s FOIA Office historically has done a decent job in processing requests with the resources it has and that delays are often attributable to human
Kostelanetz counsel Gray Proctor presents a CLE session for myLaw titled “Tax Relief Tactics: Mastering IRS Penalties, Fines, and Interest Abatement.” Gray’s session, titled “Penalty Defense: Reasonable Cause + A Few More,” is the second half of the two-part CLE series co-sponsored by myLaw and the Federal Bar Association. The
Michael Waalkes and Melissa Wiley were cited in a recent Tax Notes column titled “Listed Transactions and the Trump Administration — What Happens Now?” Stephen J. Olsen, the faculty director of the Graduate Tax Program at Villanova University’s Charles Widger School of Law and a partner at Gawthrop Greenwood PC,
On January 23, 2025, the U.S. Supreme Court stayed a nationwide preliminary injunction barring the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) from enforcing the Corporate Transparency Act of 2021 (CTA). While that theoretically allowed for enforcement to move forward, the CTA remains stayed due to another
