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
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
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
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, 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 –
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
Garrett L. Brodeur was quoted in a recent Tax Notes article titled “Senators Push IRS for Timeline on Delayed Crypto Guidance,” published on August 3, 2023. On August 1, 2023, Senators Elizabeth Warren (D-MA), Bob Casey Jr. (D-PA), Richard Blumenthal (D-CT), and Bernie Sanders (I-VT) of the Senate Finance Committee
On August 29, 2023, Garrett L. Brodeur participates on a panel titled “Cryptocurrency – IRS Civil & Criminal Enforcement Trends” at the Summer Tax Summit presented by the St. Louis Chapter of the Federal Bar Association in St. Louis, MO. CLE credit is offered for this event. Description: The panel
On August 30, 2023, William Greco participates in a webinar titled “Nuts and Bolts of Tax Litigation: Motion Practice” for the ABA Tax Section. CLE credit is offered for this event. Description: This is the second of a four-part webinar series discussing the “nuts and bolts” of tax litigation. In
On July 24, 2023, the IRS announced a major policy change, ending the decades-long practice of IRS revenue officers making unannounced visits to taxpayers’ homes and businesses. The surprise visits will be replaced with mailed letters to schedule face-to-face meetings. If a taxpayer does not respond to remote IRS contacts,
