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CAROLINE D. CIRAOLO PRESENTED “BUSINESS OR PLEASURE? NAVIGATING THE INTERNAL REVENUE CODE WHEN YOUR BOAT IS A BUSINESS,” AT THE RECREATIONAL BOATING COMMITTEE MEETING OF THE MARITIME LAW ASSOCIATION OF THE UNITED STATES

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Could the Tax Cuts and Jobs Act Mean More State Income Tax Audits?

By: Michael Sardar
The CPA Journal
May 2019 Edition

The Tax Cuts and Jobs Act (TCJA), signed into law on December 22, 2018, delivered sweeping changes to the federal tax code. These changes brought with them ambiguity and uncertainty, which will likely lead to federal tax audits and disputes on how such provisions should be applied and interpreted. One of the TCJA’s changes, however, is expected to trigger state tax collateral consequences that may lead to an increase in state and local income tax audits and disputes, specifically audits by states and localities to determine if a taxpayer is a resident and thus subject to tax on all income. These are often called residency audits.

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Chambers USA Recognizes K&F and its Attorneys as Leaders in Tax Controversy and White-Collar Defense

“An Extraordinary Group of Lawyers Who Are Outstanding Individually and Outstanding as a Team”

NEW YORK, NY (April 30, 2019) – Kostelanetz & Fink is pleased to announce that Chambers and Partners has recognized the firm in its 2019 USA Guide. The guide, released April 25, 2019, recognizes K&F and its attorneys in the areas of tax controversy, tax fraud, tax law, and white-collar defense and government investigations. Chambers USA ranks the top lawyers and law firms across all the United States of America through assessment of a firm’s work and opinions from external market sources, with an emphasis on client feedback.

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Caroline D. Ciraolo participated in the webinar titled "Tax Advice In The Age Of The 24-Hour News Cycle" at the ABA Taxation Section

Recent instances of exposure by the press of aggressive tax planning and tax avoidance by prominent businesses, individuals or families raise unique substantive, ethical, and other legal issues for the tax community. Practitioners advising famous clients may need to assess not only the likelihood of future examinations, but also public disclosure due to whistleblowers, cooperators, and data leaks.

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Bryan C. Skarlatos participated in a webinar titled “Ethical and Penalty Standards for Tax Practitioners” at the Practising Law Institute ("PLI")

Webinar at the Practising Law Institute

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Claude M. Millman quoted in "Standing up for excellence and opportunity at NYC’s top high schools", New York Post

Students, families and alumni of the city’s specialized high schools just got new allies in their fight to stop Mayor Bill de Blasio from destroying those elite schools.

On Monday, the Education Equity Campaign launched with a simple mission: Keep the race-blind entrance exam, address root causes of the admission gap and open more top schools to meet demand.

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Caroline D. Ciraolo presented "What’s New In Tax Enforcement – Current Priorities Of The IRS And DOJ Tax Division" at The Wranglers Law Club

Caroline D. Ciraolo presented "What’s New In Tax Enforcement – Current Priorities Of The IRS And DOJ Tax Division" at The Wranglers Law Club

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Megan L. Brackney presented a webinar on "Foreign Information Return Penalties And Defenses" for the CPA Academy

This program covered the basic requirements for reporting non-U.S. assets, and then discuss the penalties for failure to file these foreign information returns and other consequences, the procedures for assessment and review, taxpayer defenses, and options for strategies for taxpayers who want to get into compliance.

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Claude M. Millman quoted in "Seven NYC Students Didn’t Get Seats in Elite Schools, So They Asked State for Help", Wall Street Journal

Seven New York City students who didn’t get into specialized high schools are asking the state education commissioner to ensure they get spots, saying the city’s diversity push unfairly denied them seats for the fall.

Their challenge argues the city’s expansion of the so-called Discovery program will hurt the elite schools’ academic excellence. That program offers spots and free summer tutoring to low-income students with high potential who score below the test-score cutoff for admission. The petitioners ask the commissioner to declare the department’s implementation unlawful.

These petitioners, who are mostly middle-income, are black, Hispanic, Asian and white. They just missed test-score cutoffs for these prestigious schools, which use an exam to determine admission. They say the city hasn’t complied with key details of a state law that governs entrance.

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K&F Partners Selected as 2019 Washington D.C. Super Lawyers in Areas of Tax and White-Collar Criminal Defense

WASHINGTON, D.C. (April 19, 2018) Kostelanetz & Fink is pleased to announce that partners Caroline D. Ciraolo and Jay R. Nanavati have been selected for inclusion on the 2019 Washington, D.C. Super Lawyers list. Ciraolo, who was previously included on this list in 2018, was recognized for her excellence in tax law and Nanavati makes his first appearance on the list as a top-rated white-collar criminal defense attorney. Super Lawyers describes itself as a “rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement.”

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