Michael Sardar participated in the panel titled "Choice Of Forum In Tax Disputes" at the 43rd Annual Tax Law Conference
2019 promises to be a key year for the tax bar. With landmark administrative guidance in the wake of tax reform, practitioners will be contending with fast-paced developments that will have immediate and immense effects.
Stephen A. Josey moderated the panel titled “The Taxpayer Advocate Service: What TAS Does And How It Can Help You” at the 43rd Annual Tax Law Conference
Panelists discussed the Taxpayer Advocate Service (TAS) and how it can help you in your practice.
On March 8, Kostelanetz & Fink cosponsored the New York Law School’s 160th CityLaw Breakfast. The event featured Arnold Ventures’ Executive Vice President of Criminal Justice and former president of the John Jay College of Criminal Justice, Jeremy Travis. Travis also previously worked as a senior fellow with the Justice Policy Center at the Urban Institute where he launched a national research program focused on prisoner reentry into society.
Caroline D. Ciraolo moderated the panel titled "New Developments In Criminal Tax Enforcement" at the 33rd Annual National Institute on White Collar Crime
This panel considered the ever-expanding role of the IRS Criminal Investigation Division and its new specialized units in the investigation and prosecution of criminal tax cases, and offered practice tips for dealing with such situations.
Michael Sardar presented a CPE course titled "Representing Taxpayers Without Records For Schedule C" for the CPA Academy
This session covered issues that arise for the tax-preparer when working with clients who don’t have adequate records. Topics covered in this webinar included schedule C pitfalls, the Earned Income Tax Credit (EITC), use of reconstructions and estimates, the Cohan rule, and the AICPA Statement on Standards with respect to the use of estimates.
Tax law is so complicated that nearly everyone makes a mistake sooner or later. What should a taxpayer do when he or she learns of a mistake on a previously filed tax return? Of course, if the taxpayer overpaid her tax, she probably will jump at the opportunity to amend the return and claim a refund. However, if the prior return underreported tax, is the taxpayer required to file an amended return to correct the understatement? And what are the consequences of filing an amended return? How should a tax practitioner advise a client? This column addresses when and how a taxpayer can or should file amended returns and how tax practitioners should approach issues relating to a taxpayer’s prior non-compliance.
By: Ian Weinstock
The CPA Journal
March 2019 Edition
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) Form 114, the Report of Foreign Bank and Financial Accounts—colloquially known as FBAR— has become famous due to the huge potential penalties imposed on taxpayers whose failure to file is deemed to be willful. As a result, tax preparers know to ask whether individual clients own foreign accounts before preparing those clients’ income tax returns. But not all foreign accounts are owned by individuals. If an entity (i.e., a nonnatural person) owns a foreign account, when does the entity itself need to file an FBAR, and when does an FBAR need to be filed by someone connected to the entity?
Caroline D. Ciraolo presented "What’s New In Tax Enforcement – Current Priorities Of The IRS And DOJ Tax Division" at the Rule Day Club
Caroline D. Ciraolo presented "Criminal Tax Enforcement: What Lies Ahead In 2019" at the Georgetown Scholars Lunch
Bryan C. Skarlatos participated in the webinar "Mastering Bitcoin, Blockchain, And Virtual Currency Law" for The Rossdale Group
The huge expansion in Bitcoin & digital currencies in states across the nation and globally has led to a significant need for attorneys proficient in the cutting-edge use of related legal and regulatory issues. The laws vary greatly and have been in flux with the proliferation of Fortune 500 companies, governments, and start-ups seeking to take advantage of this growing use of currency. The faculty for this seminar features several leading authorities on the subject.