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Caroline D. Ciraolo participated in the panel titled "It’s Good To Know The Bad: Financial Crime And How To Counsel Clients" at the Annual Meeting of the American Bar Association's Business Law Section

This event included over 90 CLE programs covering all areas of business law and provided attendees with opportunities to connect and learn at substantive sessions as well as experience Austin at premier social events where attendees were able to network with over 1,600 business law professionals.

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Bryan C. Skarlatos quoted in "The IRS Is Still Coming For You, Offshore Tax Cheats", Wall Street Journal

Amnesty program to end Sept. 28, but agency’s broader crackdown on evasion will go on.

Hiding money from the U.S. government is a lot harder than it used to be.

On Sept. 28, the Internal Revenue Service will end its program allowing American tax cheats with secret offshore accounts to confess them and avoid prison. In a statement, the IRS said it’s closing the program because of declining demand.

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Caroline D. Ciraolo participated on a panel titled "Unexplained Wealth In The US: The USA Flexes Its Muscle" at the 36th International Symposium on Economic Crime

This panel was chaired by Mr. Ian M. Comisky, Partner, Fox Rothchild LLP, Philadelphia and former Assistant US Attorney, Southern District of Florida, USA.

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Caroline D. Ciraolo presented the keynote address "Hot, Questionable, And Secret Money" at the 36th International Symposium on Economic Crime

This panel was chaired by Mr Reginald Rhoda QC, Master of the Bench of the Inner Temple, former HM Attorney General for Gibraltar and currently Senior Counsel to the Government of Gibraltar.

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Has the New Partnership Representative Been Granted Too Much Power?

By: Kevin M. Flynn

The CPA Journal

On November 2, 2015, Congress enacted the Bipartisan Budget Act of 2015 (BBA), which contained sweeping changes to the Internal Revenue Code’s (IRC) partnership audit, litigation, assessment, and collection procedures. The BBA repealed the partnership audit and litigation rules enacted as part of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), which had governed the practice of tax advisors and the IRS for more than three decades. The BBA also replaced TEFRA’s partnership “tax matters partner” with a new “partnership representative,” in whom it vested vast powers, including the sole authority to act on behalf of a partnership and to bind all partners on partnership matters covered by the BBA. In light of these expanded powers, partners must carefully consider the person that they select to be the partnership representative. The failure to do so could be financially calamitous.

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Reporting Undisclosed Foreign Assets: The Clock Is Ticking

By: Michael Sardar
August 2018 Edition
The CPA Journal

On March 13, the IRS announced that it will close the Offshore Voluntary Disclosure Program (OVDP), effective September 28, 2018. In the announcement, the IRS encouraged taxpayers who need to disclose noncompliant and unreported foreign accounts and assets to come forward before the September deadline. Qualifying taxpayers who have unreported foreign accounts can still use the OVDP to come into compliance while avoiding the risk of criminal prosecution and minimizing otherwise applicable civil penalties, but only until that date. As of this writing, it not yet known whether the IRS will announce a new program or initiative to replace the OVDP. 

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Michael Sardar spoke at the LIU Civil and Criminal Tax Controversy Forum

LIU Post's Civil & Criminal Tax Controversy Updates - 2018 was an annual event for private and government tax professionals to discuss current events and best practices in federal and New York State cases involving criminal and civil tax penalties and enforcement.

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Four Kostelanetz & Fink Partners Recognized in 25th Edition of The Best Lawyers in America©

NEW YORK (August 15, 2018) — Kostelanetz & Fink, LLP, partners Robert S. Fink, Bryan C. Skarlatos, Sharon L. McCarthy and Claude M. Millman were selected by their peers for the The Best Lawyers in America 2019.

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Robert S. Fink and Caroline Rule presented with the Albert Nelson Marquis Lifetime Achievement Award by Marquis Who's Who

On August 3, 2018, Marquis Who’s Who, the world’s premier publisher of biographical profiles, presented Robert S. Fink with the Albert Nelson Marquis Lifetime Achievement Award. Individuals profiled by Marquis Who's Who are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.

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Bryan C. Skarlatos presented "Impact Of Federal Tax Cuts And Jobs Act Of 2017 For Matrimonial Judges” at the New York State Judicial Institute’s Judicial Summer Seminars 2018

The Judicial Institute provides statewide education and training for the judges and justices of the New York State Unified Court System. 

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