News

Caroline D. Ciraolo to offer New Course On Criminal Tax At University Of Baltimore

Caroline D. Ciraolo has joined the faculty of the University of Baltimore Graduate Tax Program and will teach a new course entitled "Investigation, Prosecution and Defense of Tax Crimes."

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Michael Sardar presented "Representing The Taxpayer Without Records, How And When Can A Preparer Use Taxpayer Estimates & Reconstructions To Prepare A Return" at the 2018 IRS Nationwide Tax Forum

In the event of a loss of client records or due to poor record keeping, a paid preparer may need to help his client reconstruct the records. 

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Caroline D. Ciraolo presented the keynote address "Tax: The Good, The Bad, And The Ugly" at the Accounting & Finance Show

Topics included: The Current Landscape - enforcement priorities of the IRS and the U.S. Department of Justice Tax Division and Best practices - addressing sophisticated and complex tax controversies.

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Caroline Rule published a three-part "Sound Advice" audio presentation entitled "The Kovel Privilege: Using The Services Of A Non-Testifying Third-Party Expert Without Waiving The Attorney-Client Privilege"

A three-part series presented by Caroline Rule that explores the Kovel privilege and offers suggestions for preserving the attorney-client privilege while using the services of a non-testifying third party expert. 

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Supreme Court Overturns Decades-Old Precedent; Allows States To Tax Retailers Doing Business In States Without Physical Presence

On June 21, 2018, in South Dakota v. Wayfair,[1] the U.S. Supreme Court overruled the long standing “physical presence test” established under Quill Corp. v. North Dakota[2] (“Quill”) to determine whether there is a sufficient nexus for a state to require an out-of-state retailer to collect and remit sales tax for conducting business within its borders. In doing so, the Court has paved the way for states to impose sales taxes on out-of-state online retailers, which could allow the states to claim an estimated $8 to $33 billion in additional revenue per year.

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Kostelanetz & Fink DC Office Welcomes New Team Members

Kostelanetz & Fink is pleased to announce two additions to the DC Office.

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Claude M. Millman Quoted in "Department Of Youth And Community Development Public Contract Hearings Lack Public Engagement," New York Nonprofit Media

All of the contract information could be made available online, said Claude Millman, a partner at Kostelanetz and Fink, who represents government contractors, including nonprofits, doing business with New York City and state, and a former director of the Mayor’s Office of Contract Services.

“If I decided I wanted to tell everyone about a proposed contract I could post it on Facebook, link to the contract, and allow online commenting I would read out at the hearing,” he said. “If you regularly make (the contracts) unavailable, you’re going to depress public interest in the hearings themselves.”

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Caroline D. Ciraolo presented "Identifying And Addressing Conflicts Of Interest And Ethical Issues In Today's Tax Practices" at the 42nd Annual American Institute on Federal Taxation

The 2018 program included many of the best speakers in the country. It has been a tradition of the AIFT to provide the highest caliber tax program presenting and explaining the latest tax strategies, updates, legislative forecasts, and planning techniques. 

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Megan L. Brackney moderated the panel titled "The IRS Voluntary Disclosure Program: Past, Present, And Future" at the 10th Annual NYU Tax Controversy Forum

The Offshore Voluntary Disclosure Program, one of the IRS’s most successful tax compliance and enforcement programs ever, is scheduled to end on September 28, 2018. However, the IRS has had a general voluntary disclosure policy for decades. Many taxpayers are surprised to learn that they also can make a voluntary disclosure to correct domestic non-compliance as well as international non-compliance. How do domestic voluntary disclosures work and how will the general voluntary disclosure policy apply in cases of unreported foreign assets?

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Caroline D. Ciraolo moderated the panel titled "May I Have My Money Back Now Please? The Legal Landscape Overseas And Strategies To Navigate International Asset Seizures" at the 10th Annual NYU Tax Controversy Forum

Governments around the world are paying more attention to the source and use of money that passes through their financial systems and enacting legislation, such as the UK Criminal Finances Act of 2017, to combat the facilitation of tax evasion. Drawing on their experience in government and private practice, this panel reviewed the UK approach, including how financial institutions react to suspicious transactions, outlining the procedures for restraining and seizing accounts and offering strategies you can use to assist clients when a financial institution suspends access to an account.

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