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Kostelanetz & Fink Elevates Christopher Ferguson to Partner

NEW YORK (Jan. 06, 2020) -- Kostelanetz & Fink is pleased to announce that Christopher M. Ferguson has been named a partner in the firm.  Mr. Ferguson joined Kostelanetz & Fink’s New York office in 2003 and is a key member of K&F’s team with extensive experience in white-collar criminal defense, complex commercial litigation, civil and criminal tax controversies and other regulatory enforcement matters.

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Caroline D. Ciraolo was interviewed for the "People in Tax" Podcast by ABA Tax Times on January 3, 2020

In part one of a two-part interview, James Creech and Caroline Ciraolo discuss working at a tax controversies law firm, involvement in the Tax Section, and the Department of Justice Swiss Bank Program.

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Taxation of Gambling Income

By Eric Smith
The CPA Journal
December 2019 Edition

Thanks to legalized sports gambling, U.S. casinos generated a record amount of gaming revenue in 2018. As might be expected, it is becoming increasingly common for individuals to have questions regarding the taxation of gambling income and losses, and these questions will almost certainly be more complex if the individual is a professional gambler. This article aims to help CPAs answer these questions for taxpayers.

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Megan L. Brackney and Bryan C. Skarlatos quoted in "What You Need to Know About Amending Your Tax Returns" , The Wall Street Journal on December 15, 2019

Common errors include neglecting to report all taxable income or valuable deductions and credits

Even with the increasingly widespread use of sophisticated tax-preparation software, it’s easy to make costly errors, omissions or both. 

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Sharon L. McCarthy participated on the panel "Mental Defense to Tax Crimes – Declination or Mitigation” at the 36th Annual National Institute on Criminal Tax Fraud/The 9th Annual National Institute on Tax Controversy in Las Vegas, NV

Sharon L. McCarthy participated on the panel "Mental Defense to Tax Crimes – Declination or Mitigation” at the 36th Annual National Institute on Criminal Tax Fraud/The 9th Annual National Institute on Tax Controversy in Las Vegas, NV.

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Bryan C. Skarlatos participated on the panel "The Continuing Role of the Fifth Amendment Protections in Tax Enforcement" at the 36th Annual National Institute on Criminal Tax Fraud/9th Annual National Institute on Tax Controversies in Las Vegas, NV

Bryan C. Skarlatos participated on the panel "The Continuing Role of the Fifth Amendment Protections in Tax Enforcement" at the 36th Annual National Institute on Criminal Tax Fraud/9th Annual National Institute on Tax Controversy in Las Vegas, NV.

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Caroline D. Ciraolo Participated on the Panel "The Consequences of Conviction" at the 36th Annual National Institute on Criminal Tax Fraud / the 9th Annual National Institute on Tax Controversy in Las Vegas, NV

Caroline D. Ciraolo participated on the panel "The Consequences of Conviction: The Sentencing Guidelines, Restitution, Forfeiture, and Other Bad Things That Happen," at the 36th Annual National Institute on Criminal Tax Fraud / the 9th Annual National Institute on Tax Controversy in Las Vegas, NV, on December 12, 2019. 

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Michael Sardar participated on the panel "Criminal Tax Workshop" at the 36th Annual National Institute on Criminal Tax Fraud/The 9th Annual National Institute on Tax Controversy in Las Vegas, NV

Michael Sardar participated on the panel "Criminal Tax Workshop" at the 36th Annual National Institute on Criminal Tax Fraud/The 9th Annual National Institute on Tax Controversy in Las Vegas, NV. 

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Caroline D. Ciraolo Participated in the Criminal Tax Workshop at the 36th Annual National Institute on Criminal Tax Fraud / the 9th Annual National Institute on Tax Controversy in Las Vegas, NV

Caroline D. Ciraolo participated in the Criminal Tax Workshop at the 36th Annual National Institute on Criminal Tax Fraud / the 9th Annual National Institute on Tax Controversy in Las Vegas, NV, on December 11, 2019. 

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Usman Mohammad presented the CPE/CLE Course: The Pitfalls of Foreign Asset Reporting on December 10, 2019

Course Description

This course explored foreign asset reporting on Form 8938, with a focus on issues that can be traps for the unwary.  This includes differences between foreign account reporting on Form 8938 versus the FBAR, asset valuation issues that impact certain classes of taxpayers filing Form 8938, and the statute of limitations and civil penalties associated with Form 8938.  Usman also discussed suggested best practices in light of these issues.

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