On December 3, 2021, Megan L. Brackney presents “Defining the Reasonable Cause Defense to Tax and Information Reporting Penalties” for Lawline. “Reasonable cause” is a defense to most penalties in the Internal Revenue Code. This program discusses how “reasonable cause” is defined in various contexts, including delinquency penalties, accuracy penalties,
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Second Circuit Hands Government Win on Foreign Trust Penalties,” published on July 29, 2021. Brackney analyzes the District Court’s decision that trust beneficiary reporting penalties can also apply to the owner of a foreign trust. The article notes:
On July 28, 2021, Megan L. Brackney participates in a panel entitled “Cryptocurrency: Navigating Minefields in the Virtual Currency World” for the USA Branch of the International Fiscal Association. The IFA USA is hosting its New York Regional Conference virtually on Wednesday, July 28 and Thursday, July 29. The purpose
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Most Partnerships Are Staying in the Centralized Audit Regime,” published on July 14, 2021. Brackney analyzes the determination by partnerships to stay in or elect out of the centralized partnership audit regime enacted by the Bipartisan Budget Act
New York (June 28, 2021) — Kostelanetz & Fink has been named a leading tax controversy law firm by the independent rankings agency The Legal 500 and partner Caroline Ciraolo has been recognized as a “Leading Lawyer.” In its recently published 2021 rankings, The Legal 500 ranks K&F in the
New York (June 9, 2021) — Three Kostelanetz & Fink partners —Megan L. Brackney, Caroline D. Ciraolo, and Sharon L. McCarthy — have been named to Best Lawyers’ “Women in the Law” List. In its recently released Spring 2021 issue, Best Lawyers Business Edition notes the annual “Women in the
Megan L. Brackney was quoted in a recent Tax Notes article entitled “What’s Reasonable for Late-Filed Foreign Information Returns?,” published on June 7, 2021. Brackney discusses the IRS’ practice of automatically assessing penalties on taxpayers who file late international information returns. The article notes: “It’s incredibly frustrating,” said Megan L.
“Enormously Talented” and “Highly Respected” NEW YORK, NY (May 24, 2021) — Kostelanetz & Fink LLP is pleased that Chambers and Partners has once again recognized the firm and six attorneys in its 2021 USA Guide in the areas of tax controversy, tax fraud, tax law, and white-collar defense and
