Protected: Garrett L. Brodeur Quoted In Tax Notes Article Titled “Decentralized Exchanges Considered Brokers Under Proposed Regs”
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IRS Doesn’t Have It Easy With Malta Pension Enforcement Efforts
By Caroline Ciraolo, Don Fort, and Ian Weinstock Bloomberg Tax August 28, 2023 High-net-worth US taxpayers, working with professional advisers, have transferred assets into personal retirement plans established in Malta to limit and potentially eliminate tax on distributions. These so-called Malta pension plans rely on a specific interpretation of the
Bryan C. Skarlatos Quoted In Tax Notes Article Titled “The FATCA Data Haystack Remains Just That”
Bryan C. Skarlatos, partner at Kostelanetz LLP, was quoted in an article published in Tax Notes on August 23rd, 2023 titled “The FATCA Haystack Remains Just That.” The article discusses unknowns regarding data collected by the Internal Revenue Service through the Foreign Account Tax Compliance Act. Though the IRS strategic
Garrett L. Brodeur Quoted In Daily Tax Report Titled “Crypto Tax Guidance Confusion Heralds Court Battles to Come”
Garrett L. Brodeur was quoted in an August 18th, 2023 article published in Bloomberg Tax’s Daily Tax Report titled “Crypto Tax Guidance Confusion Heralds Court Battles to Come.” Guidance from the IRS released in July states cryptocurrency tokens created through staking must be reported as income. While the released IRS
Caroline D. Ciraolo Quoted In Tax Notes In An Article Entitled “IRS Penalty Practice May Be Due for Reset”
Caroline D. Ciraolo was quoted in a Tax Notes article titled “IRS Penalty Practice May Be Due for Reset,” published on August 16, 2023. The article addresses the current state of penalty administration and notes Caroline Ciraolo’s concerns regarding the Internal Revenue Service’s current approach to the consideration and assessment
When Ethics And The Art Lawyer Meet (CLE)
Megan L. Brackney will participate in a panel titled “When Ethics And The Art Lawyer Meet” at the Appraisers Association of America’s 2023 Art Law Day Program on November 10th, 2023. The conference will be held both in-person and virtually. The events are hosted at the Benjamin Cardozo School of
Best Lawyers Recognizes 13 Kostelanetz Attorneys, Including All 10 Partners, For 2024 List
Caroline Ciraolo Also Selected ‘Lawyer of the Year’ NEW YORK (August 17, 2023) — Thirteen Kostelanetz attorneys, including all ten partners, have been recognized by “Best Lawyers in America®” in the 2024 edition, and Caroline D. Ciraolo has been named “Lawyer of the Year” for Litigation and Controversy – Tax
Kostelanetz Alert: FinCEN Targets Payroll Tax Evasion and Workers’ Compensation Fraud in the Construction Sector
As part of a broader effort reflected by the Corporate Transparency Act to combat the use of shell companies for illicit purposes, the Financial Crimes Enforcement Network within Treasury, or FinCEN, issued FinCEN Notice FIN-2023-NTC1 (Aug. 15, 2023) designed to promote reporting by U.S. financial institutions regarding payroll tax evasion and workers’
Stephen A. Josey Quoted In Bloomberg Tax Article Titled “New Jersey Doubles Down in Fighting New York Remote-Work Tax”
Stephen A. Josey, Counsel at Kostelanetz LLP, was quoted in a Bloomberg Tax article titled “New Jersey Doubles Down in Fighting New York Remote-Work Tax,” published on August 7th, 2023. The article discusses New York’s “convenience of employer” rule, which sources income to the place of work of non-residents –
Kostelanetz Alert: IRS Issues Proposed Regulations Identifying “Monetized Installment Sales” as Listed Transactions
More than four years ago, the Internal Revenue Service (“IRS”) expressed serious concern about monetized installment sales that, through the use of an intermediary and an installment note, purport to defer recognition of gain and income tax due on the sale of appreciated assets despite the seller’s effective, immediate receipt
