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Tag: Civil Tax Controversies & Trials

U.S. Treasury Issues Final Regulations Identifying Syndicated Conservation Easements as Abusive Tax Transactions

Yesterday, the U.S. Treasury Department issued final regulations (TD 10007, RIN 1545-BQ39) that identify certain syndicated conservation easement transactions (SCE) and substantially similar transactions as “listed transactions.” These SCE transactions must be reported on Form 8886, Reportable Transaction Disclosure Statement. In addition, material advisers to any reportable transaction are required

‘Draconian’ IRS Foreign Gift Penalties Serve No Practical Purpose

Kostelanetz LLP Partner Megan L. Brackney is calling for an end to IRS foreign gift penalties, arguing that the current law is inefficient and punitive to lower- and middle-income taxpayers with foreign relatives. In an op-ed for Bloomberg Tax, Ms. Brackney addresses concerns raised by the Taxpayer Advocate Service and

Megan Brackney Selected Chair-Elect of ABA Tax Section

  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

Best Lawyers Recognizes 15 Kostelanetz Attorneys For 2025

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