Bryan C. Skarlatos presented "Ethical Issues for Tax Practitioners: Good Tax Planning, Aggressive Tax Advice, or Criminal Tax Evasion" at the 49th Annual Sidney Kess New York Estate, Tax, and Financial Planning Conference
Is that payment a gift or compensation for services? Is the expenditure a deductible repair or a capital improvement? Is the income ordinary income or capital gain? How sure do you have to be before you advise a client on issues such as these? Can you rely on what the client tells you or do you have to audit the client’s information?
An article in Maryland Super Lawyers Magazine this month details Kostelanetz & Fink partner Caroline Ciraolo’s transition from Acting Assistant Attorney General for the Tax Division back to private practice.
Kostelanetz & Fink partners and attorneys participated in the American Bar Association’s Fall Tax Meeting in Atlanta Oct. 6 to provide their expertise on a number of hot topics in the field of tax law, including the ending of the Offshore Voluntary Disclosure Program, new partnership audit rules, ethical issues in representing spouses, and bank and international provisions in the 2017 Tax and Jobs Act.
Sharon L. McCarthy moderated the event entitled "Behind The Crime: The Inside Story Of Tipper X" at Fordham Law School
On Oct. 15, Kostelanetz & Fink partner Sharon McCarthy moderated a talk with Tom “Tipper X” Hardin, whose work as an informant led to multiple investigations and indictments for securities fraud in the hedge fund industry.
Caroline D. Ciraolo moderated the panel titled "OVDP – End Of An Era" at the ABA Section of Taxation 2018 Fall Tax Meeting
Though its use by taxpayers has substantially dwindled in recent years, for nearly a decade, the Offshore Voluntary Disclosure Program was a major component of the IRS’s effort to bring US taxpayers into compliance with their offshore reporting obligations, and helped facilitate the return of billions of dollars to the tax base.
Megan L. Brackney participated in the panel titled "The New Partnership Audit Rules, Round 2 – After The Partnership Audit, How You And The IRS Fight It Out" at the ABA Section of Taxation 2018 Fall Tax Meeting
In Round 1, the Administrative Law Committee covered what will happen during the audit. In Round 2, Megan and fellow panelists discussed the Final Partnership Adjustment (“FPA”) and what options partnerships have following the end of the audit, including challenges to the adjustments in the FPA. She also discussed the assessment and collection of imputed underpayments and penalties under the new regime, including the operation of the push-out election.
Bryan C. Skarlatos participated in the panel titled "Ethical Issues In Innocent Spouse Cases" at the ABA Section of Taxation 2018 Fall Tax Meeting
Innocent spouse cases present a myriad of ethical issues that practitioners must be aware of and carefully avoid.
Henry Stow Lovejoy moderated and participated in the panel titled "Banks And The International Provisions Of The Tax Cut And Jobs Act" at the ABA Section of Taxation 2018 Fall Tax Meeting
The panel discussed the effect of amended subpart F rules, global intangible low-taxed income (“GILTI”) inclusion, and the base erosion and anti-abuse tax (“BEAT”) on domestic and foreign banks.
Bryan C. Skarlatos participated in the panel titled "What Is APA's Role In Tax Administration" at the ABA Section of Taxation 2018 Fall Tax Meeting
This panel examined what practitioners should know about how the APA interacts with IRS decisions.
Kostelanetz & Fink, LLP and the FBA Section On Taxation Hosted A Reception For Albert G. Lauber Of The United States Tax Court at the offices of Kostelanetz & Fink, LLP in New York, NY
This was an evening to socialize with the New York Tax community and meet Judge Lauber. The event was free - courtesy of the FBA Section on Taxation and Kostelanetz & Fink, LLP.