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
On April 20, 2023, Caroline D. Ciraolo participates in a panel at the University of Baltimore School of Law hosted by the Business and Tax Law Association. She discusses the tax controversy practice area and how best to prepare for a career in this field.
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
Caroline D. Ciraolo moderates a panel on criminal tax cases at the ABA White Collar Crime Conference on March 1, 2023, in Miami, Florida. Panel Description: This panel features seasoned criminal tax practitioners on both sides of the aisle discussing the unique issues that arise in criminal tax investigations and
On March 28, 2023, Megan L. Brackney presents in a webinar entitled, “Challenging the IRS’s Assessment of Penalties for Delinquent Foreign Information Returns”. Description: The IRS has been aggressively assessing penalties for late-filed foreign information returns against taxpayers, many of whom have voluntarily attempted to correct past non-compliance. This program
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
In this CLE/CPE course, Heather Fincher provides tax professionals with an in-depth discussion of the challenges posed to U.S. businesses that must report their global intangible low-taxed income (GILTI). The panel provides tax professionals with guidance on the challenges of the GILTI rules and discusses calculating GILTI and the Section 250
Caroline D. Ciraolo speaks about tax litigation, recent decisions and their impact on corporate and individual taxpayers at the D.C. Bar’s Annual Tax Legislative and Regulatory Update Conference on January 26, 2023. Moderator: Michael Desmond, Partner, Gibson Dunn & Crutcher LLP Panelists: Caroline D. Ciraolo, Partner, Kostelanetz LLP Andrew Strelka,
Caroline D. Ciraolo speaks about tax litigation at the 12th Annual London Finance and Capital Markets Conference on January 17, 2023 in London, England. Description: Panelists from around the world offer their unique perspectives on civil and criminal tax enforcement and trends. Session Chairs: Jonathan Schwarz, Temple Tax Barristers (London,
