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Tag: Usman Mohammad

Best Lawyers Recognizes 15 Kostelanetz Attorneys For 2025

NEW YORK (August 15, 2024) — Best Lawyers in America® has recognized 15 Kostelanetz attorneys for its 2025 edition. Individual lawyers at Kostelanetz LLP have been recognized for their work in the firm’s key practice areas of tax law, tax controversy, and tax fraud, including litigation; white-collar criminal defense; commercial litigation; and trusts

Kostelanetz Files Amicus Brief in Tax Whistleblower Case

On May 6, 2024, Kostelanetz attorneys Brian Wille and Usman Mohammad filed an amicus brief with the United States Court of Appeals for the D.C. Circuit in a tax whistleblower case captioned In re Sealed Case, D.C. Circuit Case No. 24-1001.  Kostelanetz filed the amicus brief on behalf of another

The State of the Tax Whistleblower Law

By Usman Mohammad and Ashley Morales ABA Tax Times June 2023 Internal Revenue Code section 7623(b) provides mandatory awards to whistleblowers who provide information to the IRS that results in the collection of additional tax, interest, penalties or fines from corporations, high net worth individuals, and other entities. The statute

Recent Developments In FBAR Jurisprudence

By Usman Mohammad and Michael Gelb The CPA Journal, Tax Practice & Procedure Column December 2021 Issue Failing to report foreign bank accounts on a Report of Foreign Bank and Financial Accounts (FBAR) form can carry severe financial consequences. The civil penalty for non-willful violations of the FBAR reporting requirement

Usman Mohammad Participates In A Webinar Entitled “FATCA Reporting: Filing Form 8938 for Taxpayers With Foreign Assets, Integrating Latest IRS Guidance” For Strafford’s CPE Program

On September 15, 2021, Usman Mohammad participates in a webinar entitled “FATCA Reporting: Filing Form 8938 for Taxpayers With Foreign Assets, Integrating Latest IRS Guidance” for Strafford’s CPE Program. Description: This webinar will provide tax advisers with a practical guide to the Foreign Account Tax Compliance Act (FATCA) reporting for

Navigating the IRS’s Self-Dealing Rules for Private Foundations

By Usman Mohammad and Emma Westerhof The CPA Journal, Tax Practice & Procedure Column April/May 2021 Issue The Donald J. Trump Foundation was undone by alleged acts of self-dealing involving its namesake, Donald J. Trump, who also allegedly used the foundation to promote his candidacy for president in 2016. The