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Tag: Voluntary Disclosures

American Bar Association Tax Section 2024 Midyear Tax Meeting

Kostelanetz attorneys will participate in a variety of panels and presentations at the American Bar Association Tax Section’s 2024 Midyear Tax Meeting in San Francisco, CA on January 18-20, 2024. Thursday, January 18, 2024 1:30 PM – 2:30 PM (PST): Andrew Weiner participates in a panel titled “Equitable Tolling and

IRS Announces Immediate Moratorium on Processing ERC Claims

IRS Also Forecasts ERC Settlement Program On September 14, 2023, IRS Commissioner Danny Werfel ordered an immediate moratorium on the processing of Employee Retention Tax Credit (“ERC”) claims.  According to the IRS, the moratorium will be in place through at least December 31, 2023. The moratorium is the IRS’s boldest step

IRS Doesn’t Have It Easy With Malta Pension Enforcement Efforts

By Caroline Ciraolo, Don Fort, and Ian Weinstock  Bloomberg Tax August 28, 2023 High-net-worth US taxpayers, working with professional advisers, have transferred assets into personal retirement plans established in Malta to limit and potentially eliminate tax on distributions. These so-called Malta pension plans rely on a specific interpretation of the