Caroline D. Ciraolo participated in the panel titled "The Current Filing Season: An Update On Some Issues Facing Practitioners And Taxpayers" at the 2019 ABA Taxation Section Midyear Meeting
Reducing burdens in the tax filing process is a key goal for policymakers. As the filing season is upon us, this panel explored key ways that the IRS and Congress have attempted to make the process simpler for taxpayers, including the introduction of a postcard Form 1040, an increase in the standard deduction and the creation of an Annual Filing Season Program designed to give taxpayers greater information about the qualifications of unlicensed tax return preparers.
Yoram Keinan participated in the panel titled "Recent Developments Including Updates On International Tax Rules Pertaining To Financial Institutions" at the 2019 ABA Taxation Section Midyear Meeting
This panel discussed current developments in taxation of financial institutions, in anticipation of regulations by the end of the year pertaining to the international tax provisions of the 2017 Tax Act.
Christopher Ferguson participated in the panel titled "Advising Financial Institutions In Times Of Uncertainty" at the 2019 ABA Taxation Section Midyear Meeting
The passage of the 2017 Tax Act in December 2017 resulted in significant changes to the international tax landscape in the United States. To fully implement the legislation which contains many unresolved issues and unanswered questions, Treasury and IRS are working hard on drafting and issuing regulations that once finalized, are expected to supplement the provisions of the Act.
Bryan C. Skarlatos participated in the panel titled "Rocks - Partnership Representatives - Hard Places" at the New York State Bar Association Annual Meeting
How can “Partnership Representatives” carry out their responsibilities and wade through the numerous conflicting interests and privacy concerns in light of all the obligations and elections they may have under the new partnership audit rules, the partnership agreement, their own contracts with the partnership, fiduciary obligations, and most importantly, the professional responsibility and ethical rules? Would you want to be a PR?
Megan L. Brackney and Bryan C. Skarlatos quoted in "Partnership Audit Regime Creates Liability Issues for Reps" , Tax Notes
The vast power given to partnership representatives under the centralized audit regime could make them the target of lawsuits, particularly if partners aren’t kept informed about audits.
Limited partners left in the dark could sue representatives under various theories of liability if they’re hit with a surprise tax bill, but succeeding on those claims could be difficult.
Caroline D. Ciraolo presented the keynote address "Update From Washington, D.C." at the 37th Annual International Tax Conference of the Florida Institute of Certified Public Accountants and Tax Section of the Florida Bar
The panel included Richard E. Zuckerman | Deputy Assistant Attorney General for Criminal Matters and Principal Deputy Assistant Attorney General, U.S. Department of Justice Tax Division.
NEW YORK (Jan. 9, 2018) -- Kostelanetz & Fink is pleased to announce that Michael Sardar has been named a partner in the firm. Mr. Sardar joined Kostelanetz & Fink’s New York office in 2009. Mr. Sardar handles a wide variety of tax controversy and white collar criminal defense matters. He represents clients before the Internal Revenue Service, state tax authorities, the Department of Justice, and local prosecutors.
Christopher Ferguson presented "Handling An Eggshell Audit" at the Zicklin School of Business Executive Taxation Series Seminar
The Zicklin School of Business at Baruch College offers Continuing Professional Education (CPE) tax seminars previously administered by Financial Accounting Practitioners.
This course covered issues that arise for the tax-preparer when working with clients who don’t have adequate records. 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. This session covered tips and ideas on how to handle such issues from tax-return preparation through audit.
The Internal Revenue Service is facing several high-stakes cases in the coming year that concern whether the agency abused its discretion in reallocating income to U.S. entities from their foreign affiliates.