Justices Avoid Addressing the Limits of Congress’s Authority to Tax Income Under the Sixteenth Amendment The U.S. Supreme Court in Charles G. Moore v. United States (No. 22-800), by a 7-2 vote, rejected a constitutional challenge to the Mandatory Repatriation Tax (“MRT”) imposed by IRC 965. The MRT is a
On the heels of a significant boost in funding brought by the August 2022 passage of the Inflation Reduction Act (“IRA”), the IRS this week announced new efforts to combat what it sees as abusive transactions and strategies utilized by businesses that are taxed as partnerships. This is another IRS
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Bryan C. Skarlatos and Todd Welty spoke with Law360 for an article titled “Kostelanetz Partners Talk Benefits Of Atlanta Tax Firm Tie-Up” on the origins of the combination between Kostelanetz LLP and WELTY PC and its benefits. Bryan and Todd answered questions on how the combination came about, the benefits of the
“Big Law Quality Services in a Boutique Setting” “An Expert Tax Boutique” NEW YORK (June 11, 2024) —Kostelanetz LLP and five partners have been recognized by Chambers and Partners in its 2024 USA Guide in the areas of tax controversy, tax fraud, tax law, and white-collar defense and government investigations. Chambers this year has
On May 30, 2024, Bryan Skarlatos presented on “Recent United States Initiatives to Enforce Integrity” with Ian M. Comisky of Fox Rothschild LLP as part of Lawline’s CLE programming. Description: The Corporate Transparency Act was enacted as part of the Anti-Money Laundering Act of 2020. In particular, 31 U.S.C. § 5336
Bryan C. Skarlatos and Todd Welty were quoted in a Law.com article entitled “Atlanta Boutique Combines With New York Law Firm to Create ‘Powerhouse’ Tax Practice” about the recent combination of Kostelanetz LLP and WELTY PC. From the article: Bryan Skarlatos, a partner who joined Kostelanetz in 1987, said in a statement that Welty has
On June 7, 2024, Forbes reported on how Kostelanetz LLP’s combination with WELTY PC and the addition of an Atlanta, Georgia, office strengthened the firm’s ties to Spelman College in “Tax Law Firm Merger Has A Side Benefit: Stronger Ties With Top HBCU.” The article quoted Claude M. Millman, Bryan C. Skarlatos, Destiny Reese, and Grace
Offices in NYC, DC, and Atlanta to Expand Reach of Combined Firm’s Sophisticated Tax Controversy and White-Collar Criminal Defense Practices NEW YORK (June 4, 2024) — Kostelanetz LLP, with one of the country’s premier boutique tax and white-collar criminal defense practices, has combined forces with Atlanta-based WELTY PC to create
Jay R. Nanavati was quoted in a New York Times article published May 28, 2024 titled “I.R.S. Failed to Police Puerto Rico Tax Breaks, Whistle-Blower Says.” The New York Times reported that an I.R.S. insider has accused the agency of failing to police tax breaks taken in Puerto Rico. From
