Kostelanetz partners Sharon L. McCarthy and Jay Nanavati, and paralegal Lasya Ravulapati, co-wrote an article for Law360 titled “DOJ’s Tracing Rule for Pandemic Loan Fraud Is Untenable.” During the COVID-19 pandemic, a plethora of small business assistance programs were introduced under the CARES Act, with the most notable being the
Karen Kelly appeared on the Tax Notes Talk podcast to discuss the upcoming dissolution of the Department of Justice’s Tax Division and what it might mean for the future of tax enforcement. The dissolution is the result of the proposed reorganization of the Department of Justice that was finalized in
Christopher Ferguson and Michael Waalkes write in a recent CPA Journal article about the increased popularity of decentralized finance (“DeFi”) and the complicated tax issues triggered by DeFi activity. DeFi is a blockchain-based, peer-to-peer system that is used for conducting financial activity without the need for third-party intermediaries or financial
Christopher Ferguson, Daniel Davidson, and Samuel Tadmiri write in a recent Law360 article about the future of enforcement against alleged fraud in economic relief programs passed under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The article notes that the CARES Act turned 5 years old in March
Jay Nanavati was quoted in a Tax Notes article about how IRS enforcement of Puerto Rico’s Act 60 may be impacted by recent reductions in the federal workforce. The article, titled “IRS Enforcement of Act 60 Comes Into View Amid Workforce Purge,”examines how significant funding cuts and staff reductions at
Kostelanetz partner Michael Sardar was recently elected a Fellow of the American College of Tax Counsel (ACTC), which describes itself as “a nonprofit association of tax attorneys in private practice, law, business, graduate school teaching positions, and government, who are recognized for their excellence in tax practice and their substantial
New York, D.C., and Georgia Offices Recognized as Tax Law Leaders NEW YORK (June 5, 2025) — Chambers USA has ranked Kostelanetz LLP as a leading firm for tax controversy, tax fraud, and white-collar defense and government investigations and has ranked all three of the firm’s offices in New York
Bill Would Bar ERC Claims Filed After January 31, 2024 Yesterday, the House of Representatives passed the “One Big Beautiful Bill Act.” Included among the sweeping 1,000-page legislative package are provisions (Section 112205: Enforcement Provisions with Respect to COVID-Related Employee Retention Credits) that, if enacted into law, will invalidate all
The United States Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) have now issued guidance to corporations providing concrete benefits that companies, their shareholders, boards, and customers can earn by voluntarily self-reporting misconduct to the DOJ. DOJ Corporate Enforcement and Voluntary
In a Reuters Legal News article titled “Is now the time to seek relief from SEC industry bars and professional suspensions,” Victor Suthammanont writes that the Securities and Exchange Commission (SEC) has shown a recent willingness to grant relief to securities industry participants who have previously been permanently barred from
