“Big Law Quality Services in a Boutique Setting” “An Expert Tax Boutique” NEW YORK (June 11, 2024) —Kostelanetz LLP and five partners have been recognized by Chambers and Partners in its 2024 USA Guide in the areas of tax controversy, tax fraud, tax law, and white-collar defense and government investigations. Chambers this year has
On May 30, 2024, Bryan Skarlatos presented on “Recent United States Initiatives to Enforce Integrity” with Ian M. Comisky of Fox Rothschild LLP as part of Lawline’s CLE programming. Description: The Corporate Transparency Act was enacted as part of the Anti-Money Laundering Act of 2020. In particular, 31 U.S.C. § 5336
Offices in NYC, DC, and Atlanta to Expand Reach of Combined Firm’s Sophisticated Tax Controversy and White-Collar Criminal Defense Practices NEW YORK (June 4, 2024) — Kostelanetz LLP, with one of the country’s premier boutique tax and white-collar criminal defense practices, has combined forces with Atlanta-based WELTY PC to create
By Ian Weinstock and Heather Fincher For nearly thirty years, taxpayers have been waiting for the IRS to issue regulations related to foreign trusts and foreign gifts. Since 1996, when Congress enacted a myriad of provisions to prevent tax avoidance through the use of foreign trusts and gifts, taxpayers have
Daniel C. Davidson was quoted in a February 14, 2024 Law360 article titled “First Purely Tax Crypto Indictment Signals More On Tap” on the financial activities likely to capture the IRS criminal unit’s attention in the crypto sphere. The article discusses possible implications of the Department of Justice’s early February
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
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Last week, partners and associates from Kostelanetz attended the American Bar Association’s 40th Annual National Institute on Criminal Tax Fraud and the 13th Annual National Institute on Tax Controversy. Partners Bryan C. Skarlatos, Caroline D. Ciraolo, Megan L. Brackney, and Michael Sardar, along with Director of Investigations Don Fort, each led panels
On September 8, 2023, the IRS announced a “sweeping effort” to target America’s wealthiest taxpayers. IRS Commissioner Daniel Werfel described enforcement actions, which will be funded by the Inflation Reduction Act of 2022 and will include the scrutiny of returns filed by 75 partnerships with over $10 billion in assets; 500 partnerships
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
