As reported in our last news alert, the IRS is moving aggressively to investigate Malta Pension Plans. This is after naming Malta Pension Plans to the IRS’s Dirty Dozen (its annual list of abusive transactions), issuing a Competent Authority Arrangement walking back the tax benefits otherwise allowed under the U.S.-Malta
Malta Pension Plan arrangements under the United States-Malta Income Tax Treaty are a top enforcement priority of the IRS, finding their way onto the annual Dirty Dozen list. Yesterday, the IRS intensified its efforts as Special Agents from IRS Criminal Investigation (IRS-CI) descended on numerous participants in the Malta Pension
Michael Sardar was quoted in a recent article in Yahoo Finance entitled “IRS gets major power to request private tax info after Supreme Court decision,” published on June 11, 2023. The article discusses the ramifications of Polselli v. International Revenue Service on taxpayer and third-party privacy. The article notes: Last month,
On July 11, 2023, Don Fort provides opening remarks and will lead a panel of experts to open the summit titled “Robots and Robbers: Financial Crime Technology Summit,” a three-day virtual financial crime summit presented by The Financial Crime Academy. Description: Technology has made great advancements in the financial world,
On June 28, 2023, Caroline D. Ciraolo participates in a panel titled “Coming in from the Cold: The Future of Voluntary Disclosures” for the CPA Academy. Description: For more than 70 years, the IRS has had a voluntary disclosure policy designed to encourage taxpayers to come in from the cold
On June 9, 2023, Sharon L. McCarthy participates in a panel titled “Flipping The Script: Putting The Government On Defense At Trial” at the NYU Tax Controversy Forum. Description: Despite best efforts to reach alternative resolution, litigation is often the best or only option. This panel discusses effective trial strategies
On June 9, 2023, Don Fort moderates a panel titled “IRS Criminal Investigation Division Enforcement Update” at the NYU Tax Controversy Forum. Description: With the increase in the IRS enforcement budget coupled with the recent focus on fraud enforcement, tax professionals anticipate a surge in criminal tax investigations and prosecutions.
On June 8, 2023, Christopher Ferguson moderates a panel titled “Employee Retention Credit Audits and Investigations – The Tsunami is Coming” at the 2023 NYU Tax Controversy Forum. Description: Claims for Employee Retention Credits (“ERCs”) have proliferated exponentially. Almost everyone has seen a commercial or received a text or email
NEW YORK (June 2, 2023) —Chambers and Partners has once again recognized Kostelanetz LLP and five partners in its 2023 USA Guide in the areas of tax controversy, tax fraud, tax law, and white-collar defense and government investigations. Chambers USA ranks the top lawyers and law firms across the United States of America through an assessment
