Bryan C. Skarlatos & Megan L. Brackney presented "Impact Of The DOJ's Revised Charging & Sentencing Policy On Tax And Other Criminal Cases" at the ABA Young Lawyers Division
With the Department of Justice’s revised Charging and Sentencing Policy issued on May 10, it was a good time to review how sentencing works in criminal cases, with an emphasis on criminal tax cases. This program discussed how the Sentencing Guideline levels are determined in tax cases, including computation of the tax loss and common adjustments, assessment of restitution, and other issues.
Bryan C. Skarlatos quoted in the Financial Times Article "US intensifies fight against tax evasion by using data mining"
Agents pursue ‘leavers’ who moved Swiss bank accounts to other offshore centres
US tax authorities are intensifying their efforts to find tax evaders and the bankers who assist them, deploying agents to examine reams of data collected from the Panama Papers, Swiss banks and whistleblowers.
The Department of Justice and Internal Revenue Service are tracing accounts shifted by Americans from Switzerland to other countries such as Israel, Singapore and Hong Kong.
Bryan C. Skarlatos presented "Economic Substance, Judicial Doctrines and Legal Ethics" at PLI Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2017
This three-day seminar was designed to ensure that all attendees would benefit, from beginners to experts. The first two days consisted of a logical and comprehensive study of the basic framework and many important intricacies of Subchapter K, an area of the tax law that many believe can be understood only in its totality. The third day focused on the application of partnership taxation to specific industries, including oil and gas, hedge funds and private equity funds.
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.
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.
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.