News

Bryan C. Skarlatos presented "The Tax Man Cometh: The Criminal Tax Case" at the 2017 IRS Conference Workshop

What to Do When the IRS Shows Up? On May 3rd at the New York State Society of CPAs, we followed the journey of Joe & Mary through the IRS Process. This full-day program used a particular client's fact pattern to highlight the various areas of the IRS representation process and the opportunities and pitfalls for practitioners and their clients.

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Megan L. Brackney spoke on the panel "Now That’s Aggressive: Reportable Transaction Penalties" at the Practising Law Institute

The panel discussed the following topics over the course of the presentation:

• Now That’s Aggressive: Reportable Transaction Penalties
    o Reportable transaction understatement
    o Failure to report reportable transaction
    o Material advisor penalties 

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Bryan C. Skarlatos chaired the program "Nuts & Bolts of Tax Penalties: A Primer on the Standards, Procedures & Defenses Relating to Civil & Criminal Tax Penalties" at the Practising Law Institute

The number of accuracy-related penalties assessed against individual taxpayers increased from 58,366 in 2005 to 553,184 in 2015. That is nearly a 1,000% increase over the past decade! Are there more bad taxpayers? Or, is the IRS just getting more aggressive about asserting penalties? Regardless of the answer, responsible tax practitioners must understand what triggers a penalty assessment and how to protect their clients and themselves against such assessments. Unfortunately, accounting and law school tax classes rarely focus on penalties, leaving practitioners to pick up the relevant standards and procedures from the trial and error of daily practice.  

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Bryan C. Skarlatos spoke on the panel "Enforcement Actions" at the 2017 Blockchain Technology and Digital Currency National Institute

The 2017 Blockchain Technology and Digital Currency National Institute took place on April 10, 2017, in New York City. This special program was dedicated to in-depth analysis of the emerging legal issues and the latest legal events concerning digital currencies, like Bitcoin, and blockchain technology.

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The FBA Section on Taxation hosted Albert G. Lauber of the United States Tax Court at Kostelanetz & Fink, LLP

This event was an exceptional opportunity to socialize with the New York Tax community and meet judge Albert G. Lauber. The event was completely free to participants, courtesy of the FBA Section on Taxation and Kostelanetz & Fink, LLP.

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Bryan C. Skarlatos presented "A Practical Approach to Tax Issues in Matrimonial Cases" at the Nassau County Bar Association

Mr. Skarlatos shared his extensive knowledge on matrimonial law with those in attendance.

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Bryan C. Skarlatos spoke on the panel "Life of a Criminal Tax Case: Litigation Stage" at the 2017 Federal Bar Association Tax Law Conference

This panel was moderated by Richard T. Lunger, Deputy Division Counsel/ Deputy Associate Chief Counsel, Office of Chief Counsel (Criminal Tax), I.R.S.
Mr. Skarlatos was accompanied by distinguished panel members Tino M. Lisella, Assistant Chief, Criminal Enforcement Section, Western Region, U.S. Department of Justice, Tax Division and Jay R. Nanavati, Counsel, Baker & Hostetler LLP.

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Bryan C. Skarlatos participated on the panel "Crossing the Line: When Good Advice Becomes A Criminal Conspiracy" at the 2017 Federal Bar Association Tax Law Conference

Mr. Skarlatos was accompanied by distinguished panelists Martin E. Needle, Senior Level Counsel, Office of Chief Counsel (Criminal Tax), I.R.S. and Joseph A. Rillotta, Partner, Drinker Biddle & Reath LLP. 

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Sharon L. McCarthy Presented "Explaining the Wells Fargo Scandal" at the Financial Managers Society Meeting

Sharon L. McCarthy spoke before the Financial Managers Society in Hackensack, New Jersey on the topic of the recent Wells Fargo scandal.

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Bryan C. Skarlatos and Juliet L. Fink Obtain Sentence Of Nine-Months Home Confinement For Defendant Facing 15 Years’ Imprisonment In Connection With $80 Million Art Fraud Scheme

The Long Island woman who fooled the art world by pawning off paintings by an unknown artist from Queens as the work of Modernist masters was sentenced to time served on Tuesday, more than five years after her actions helped lead to $80 million in fraudulent sales and the demise of New York’s oldest gallery.

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