The New York State Bar Association (NYSBA) Tax Section published Report No. 1478 on June 18, 2023 to provide comments on the IRS’s recent proposal (in Notice 2023-27) to tax certain NFTs as “collectibles” under section 408 of the Internal Revenue Code. As a member of the NYSBA Tax Section
Don Fort participates in the Cambridge Forum on International Tax & Disputes in Cascais, Portugal. Description: The Forum Steering Committee welcomes up to 40 leading lawyers personally selected from renowned regional, national, and multinational firms around the world. With increased transparency and information sharing amongst tax authorities, the use of
Caroline D. Ciraolo co-chairs the Cambridge Forum on International Tax & Disputes in Cascais, Portugal. Description: The Forum Steering Committee welcomes up to 40 leading lawyers personally selected from renowned regional, national, and multinational firms around the world. With increased transparency and information sharing amongst tax authorities, the use of
Caroline D. Ciraolo leads a discussion titled “You’ve Got a Friend – Leveraging Relationships with Treaty Partners…” at the Forum on International Tax & Disputes presented by Cambridge Forums. Description: Faced with substantial tax gaps, aggressive tax avoidance, and abusive tax structures, tax authorities around the world are increasing civil
On May 3, 2023, Megan L. Brackney participates in a panel titled “Hot Button Topics with the IRS: A Conversation with Three Tax Controversy Practitioners” for STEP NY. Description: In this panel, Lawrence Lipoff leads a conversation with Megan L. Brackney, Thomas Ostrander and Miri Forster, three tax controversy experts, about
On May 25, 2023, Heather Fincher presents on a panel entitled, “What to do when Advisors Find Errors in International Tax Returns” at the Procopio International Tax Institute 2023 International Update: U.S. – Mexico Cross-Border Tax Issues. Description: Heather is moderating an engaging discussion of real-life hypos, common mistakes, and
On April 5, 2023, the IRS announced the final entries to its annual Dirty Dozen list for 2023, sounding the alarm about various schemes and potentially abusive transactions that target taxpayers and businesses all year round, but particularly during tax season. The list warns of swindles through electronic communication, like
In 2021, the U.S., along with 136 other countries, reached an agreement negotiated by the Organization for Economic Co-operation and Development (OECD), of which the U.S. is a member, the Base Erosion and Profit Shifting Project (BEPS), aimed at correcting global tax inequities enjoyed by multinational enterprises (MNEs). BEPS has
Jay Nanavati participates in a conference entitled “Cocktails & Compliance” for the the 20/22 Act Society in San Juan, Puerto Rico, on March 31, 2023. Description: Jay Nanavati and Tom Duffy will address members of the 20/22 Act Society regarding tax compliance, IRS and DOJ enforcement initiatives, and defending potential
NEW YORK (January 10, 2023) — Kostelanetz LLP is thrilled to announce that we have promoted three of our attorneys — Nicholas S. Bahnsen, Stephen Josey, and Wilda Lin — to Counsel. The promotions became effective on January 1. “Nick, Stephen, and Wilda have provided outstanding counsel to our clients
