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
Caroline D. Ciraolo speaks about tax controversy at the IFA USA 3rd Annual Winter Conference on November 30, 2022. Description: This panel addresses current IRS enforcement efforts, dispute resolution procedures, and litigation of international tax issues. Particular attention is paid to recent transfer pricing cases and government-to-government resolution. Moderator: Steve
Megan L. Brackney was quoted in an article in Tax Notes titled “IRS Appeals Training Materials on Reasonable Cause Worry Practitioners” on October 6, 2022. The article discusses the implications of recently disclosed training materials related to international information return penalties from the IRS Independent Office of Appeals. Practitioners are particularly concerned
Caroline D. Ciraolo joins a panel titled “Foreign Trusts and Gifts – Reporting Obligations, Compliance Issues, and Challenging Those Egregious Penalties!” at the 59th Annual Hawaii Tax Institute. We live in a global economy and many clients have sources of income and assets outside the United States. For U.S. persons,
Four “Highly Regarded” Attorneys Also Recognized NEW YORK (Sept. 13, 2022) — International Tax Review/World Tax has recognized Kostelanetz & Fink as one of a handful of top tier firms for Tax Controversy in the publication’s 2023 rankings guide, and four K&F attorneys have also been selected as top tier
NEW YORK (August 18, 2022) — Eleven attorneys at Kostelanetz & Fink were recognized this year by U.S. News’ “Best Lawyers in America®” for their 2023 edition. The K&F lawyers that have been selected by their peers for inclusion in Best Lawyers in America for 2023 are: Megan Brackney for Tax Law in New York;
On July 22, 2022, Michael Sardar teaches a course entitled, “A Primer On International Information Returns: Basic Filing Obligations, Penalties, And Pathways To Compliance For The Non-Compliant Taxpayer” for New York University’s Advanced Subchapter S Tax Conference. Course Description: The Advance Subchapter S Conference provides sophisticated knowledge of the “hot
