In an August 24, 2024 decision, Varian Medical Systems Inc. v. Commissioner (Varian), the Tax Court offered a first view of how it will analyze challenges to Treasury regulations after the Supreme Court’s decision in Loper Bright Enterprises v. Raimondo (Loper Bright). Loper Bright reversed the four-decades-old Chevron doctrine of
NEW YORK (September 4, 2024) — Kostelanetz LLP has been recognized by International Tax Review/World Tax as a top-tier firm for tax controversy in the publication’s 2025 rankings guide. Additionally, four of the firm’s partners have been recognized as “Highly Regarded” tax controversy practitioners. Both the New York and Washington, D.C. offices are
Kostelanetz partner Megan L. Brackney has been selected Chair-Elect of the American Bar Association (ABA) Section of Taxation for 2025-2026. The election of new Officers and Council Directors was held on August 2, 2024, at the American Bar Association’s 2024 Annual meeting in Chicago. Megan’s term as Chair-Elect will
The Wall Street Journal quoted Caroline D. Ciraolo in an article titled “You Haven’t Filed Your Tax Returns in Years? The IRS is Coming,” published August 11, 2024. The article discusses the Internal Revenue Service’s focus on taxpayers earning more than $400,000 a year and discusses several best practices for those
NEW YORK (August 16, 2024) — Best Lawyers in America® has selected Kostelanetz LLP partners Caroline D. Ciraolo and Bryan C. Skarlatos for one of the ranking agency’s highest honors, naming both as a “Lawyer of the Year” for 2025. Caroline has been recognized as “Lawyer of the Year” for
Service Hopes Taxpayers Will Take a Second Look at Paid Claims The Internal Revenue Service (IRS) today announced the temporary reopening of the Voluntary Disclosure Program (VDP) for potentially erroneous Employee Retention Credit (ERC) claims. Participation in the VDP allows businesses to repay improper ERC payments at a 15% discount
NEW YORK (August 15, 2024) — Best Lawyers in America® has recognized 15 Kostelanetz attorneys for its 2025 edition. Individual lawyers at Kostelanetz LLP have been recognized for their work in the firm’s key practice areas of tax law, tax controversy, and tax fraud, including litigation; white-collar criminal defense; commercial litigation; and trusts
50,000 low-risk claims could be paid as soon as September The Internal Revenue Service (IRS) touted its rejection of thousands of ERC claims in the agency’s latest update on Employee Retention Credit (ERC) claims today. The announcement contains updated information on claims disallowances but also some good news for businesses
The IRS celebrated National Whistleblower Appreciation Day on July 30 to recognize the important role whistleblowers play in supporting the United States tax administration, but, in issuing his statement of appreciation, IRS Whistleblower Office Director John Hinman clearly used the opportunity to respond to tax professionals’ growing dissatisfaction with IRS
Caroline D. Ciraolo will moderate a panel titled “Bringing your client into compliance without coloring outside the lines” as part of the 5th Annual International Tax Conference hosted by the International Fiscal Association (IFA). The conference will take place virtually on September 10 & 11. Description: Your client failed to
