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Kostelanetz & Fink announces that Christopher C. Ferguson, Usman Mohammad, and Joseph Septimus have been elevated to the position of Of Counsel with the firm.

It is with pleasure and pride that Kostelanetz & Fink announces that Christopher C. Ferguson, Usman Mohammad, and Joseph Septimus have been elevated to the position of Of Counsel with the firm.  We all congratulate you.

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Caroline Rule quoted in Reuters "Ex-Mobil Executive Loses Offshore Tax Fight with IRS"

Caroline Rule quoted in Reuters "Ex-Mobil Executive Loses Offshore Tax Fight with IRS"

Caroline Rule quoted in Reuters "Ex-Mobil Executive Loses Offshore Tax Fight with IRS"

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Bryan C. Skarlatos quoted in WSJ, July 10, 2012, "Why Denise Rich Gave Up U.S. Citizenship"

Bryan C. Skarlatos quoted in WSJ, July 10, 2012, "Why Denise Rich Gave Up U.S. Citizenship"

Bryan C. Skarlatos quoted in WSJ, July 10, 2012, "Why Denise Rich Gave Up U.S. Citizenship"

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Update: The IRS Whistleblower Program, Part Two

By Sharon L. McCarthy
Law Journal Newsletters, Business Crimes Bulletin
June 2012 Edition, Vol. 19, No. 10

Last month, we began a discussion of the Internal Revenue Service’s whistleblower program, which Congress enhanced in 2006 with the amendment of Section 7623 of the Internal Revenue Code of 1986 (the Code) and enactment of the Tax Relief and Health Care Act of 2006 (the TRHC Act). Tax Relief and Health Care Act of 2006, Pub. L. No. 109-432, § 406 (2006). The key provisions in Section 7623 changed the steps for submitting a claim, and also altered the award system and other aspects of the program. We continue our look at these changes herein and discuss the program’s success to date, as well as proposed improvements to the program.

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Bryan C. Skarlatos quoted in CNBC News, June 19, 2012, "Tax Shelters: Why Israel Could Be the Next Switzerland"

Bryan C. Skarlatos quoted in CNBC News, June 19, 2012, "Tax Shelters: Why Israel Could Be the Next Switzerland"

Bryan C. Skarlatos quoted in CNBC News, June 19, 2012, "Tax Shelters: Why Israel Could Be the Next Switzerland"

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Bryan C. Skarlatos quoted in Bloomberg News, June 19, 2012, "IRS Resists Whistle-Blowers Despite Wide U.S. Tax Gap"

Bryan C. Skarlatos quoted in Bloomberg News, June 19, 2012, "IRS Resists Whistle-Blowers Despite Wide U.S. Tax Gap"

Bryan C. Skarlatos quoted in Bloomberg News, June 19, 2012, "IRS Resists Whistle-Blowers Despite Wide U.S. Tax Gap"

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Bryan C. Skarlatos quoted in the Wall Street Journal, June 17, 2012, "Israeli Tax Preparers Snared "

Bryan C. Skarlatos quoted in the Wall Street Journal, June 17, 2012, "Israeli Tax Preparers Snared "

Bryan C. Skarlatos quoted in the Wall Street Journal, June 17, 2012, "Israeli Tax Preparers Snared "

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Jerald David August Presented at the American Law Institute CLE Video Webcast Event, “Federal Tax Planning Opportunities and Pitfalls in Using Disregarded Entities"

On Monday, June 11, 2012, Jerald David August presented at the American Law Institute CLE Webcast Event, "Federal Tax Planning Opportunities and Pitfalls in Using Disregarded Entities"

Single member, disregarded entities are widely used for business, tax, and estate planning purposes because they permit flow-through treatment of income for tax purposes and because they limit the personal liability of its single owner or member under state law. However, the treatment of single member entities in a particular context may vary. This program addresses the advantages, disadvantages, and unfortunate surprises that legal counsel should be aware of when advising their clients with respect to disregarded entities.

 

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Update: The IRS Whistleblower Program, Part One

By Sharon L. McCarthy
Law Journal Newsletters, Business Crimes Bulletin
May 2012 Edition, Vol. 19, No. 9

In 2006, Congress amended Section 7623 of the Internal Revenue Code of 1986 (the Code) and significantly enhanced the IRS Whistleblower Program with respect to claims made after Dec. 20, 2006, through the enactment of the Tax Relief and Health Care Act of 2006 (the TRHC Act). Pub. L. No. 109-432, § 406 (2006). (Along with the substantive modifications to Section 7623, the IRS also changed the name of the program from the “Informants’ Reward Program”.

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Claude M. Millman quoted in WSJ, May 2012 "Comptroller Dealt Setback In Wage Ruling"

Claude M. Millman quoted in WSJ, May 2012 "Comptroller Dealt Setback In Wage Ruling"

Claude M. Millman quoted in WSJ, May 2012 "Comptroller Dealt Setback In Wage Ruling"

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