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K&F in the Classroom: International Tax Controversy at Georgetown Law

This spring, Caroline D. Ciraolo and Robert M. Russell have been bringing their decades of experience in federal tax enforcement and tax controversy matters to Georgetown University Law Center and Graduate Tax Program in a class entitled, “International Tax Controversy.”

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Caroline D. Ciraolo quoted in Tax Notes article entitled "Another District Court Weighs in Favor of FBAR Survivability"

In a recent Tax Notes article by Andrew Velarde entitled “Another District Court Weighs in Favor of FBAR Survivability, Caroline Ciraolo reacted to recent rulings on whether penalties for willful failure to file foreign bank account reports can survive the death of the nonfiler. As Caroline noted, the court’s remedial determination ignores a decade of practice in how the civil FBAR penalty has been imposed.

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Caroline D. Ciraolo and Bryan C. Skarlatos quoted in Tax Notes article entitled "Texas Law Firm Must Comply With IRS John Doe Summons"

Caroline D. Ciraolo and Bryan C. Skarlatos were quoted in Tax Notes article entitled "Texas Law Firm Must Comply With IRS John Doe Summons,” regarding a recent Fifth Circuit ruling upholding an order “requiring a Texas law firm to turn over information on clients with offshore structures in response to an IRS John Doe summons,” according to the article.

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Bryan C. Skarlatos quoted in New York Times article entitled "From Afar, a Fugitive in the Knoedler Art Fraud Gives His Defense"

Kostelanetz & Fink partner Bryan Skarlatos was quoted and his photograph was featured in the New York Times this weekend regarding an art fraud case that has been described as “one of the largest art world scandals of recent times.”  Mr. Skarlatos represents one of the co-conspirators in the case. 

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Caroline Ciraolo and Jay Nanavati Selected as 2020 Washington DC Super Lawyers in Areas of Tax and White-Collar Criminal Defense

WASHINGTON, D.C. (April 17, 2020) – Kostelanetz & Fink is pleased to announce that partners Caroline D. Ciraolo and Jay R. Nanavati have been selected for inclusion on the 2020 Washington DC Super Lawyers list. Ciraolo, who was previously included on the list in 2018 and 2019, was recognized for her excellence in tax law. Nanavati, who was also listed in 2019, is ranked as a top white-collar criminal defense attorney. Super Lawyers describes itself as “a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement.”

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Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled "New Exec Could Help IRS Efficiently Tamp Down Tax Schemes"

Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled "New Exec Could Help IRS Efficiently Tamp Down Tax Schemes,” which explores how the “creation of a tax scheme promoter investigation coordinator role and a new fraud enforcement unit could help the cash-strapped agency more efficiently police tax schemes by conserving resources.”

 

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IRS Expands Extension of Tax-Related Deadlines Due to Novel Coronavirus (COVID-19)

In its continued response to the coronavirus pandemic, the IRS issued on April 9, 2020, Notice 2020-23, which extends various tax-related deadlines that were not previously extended by IRS Notice 2020-18 and its related Frequently Asked Questions (“FAQs”). 

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Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled "Tax Pros Fear IRS Appeals Cases May Suffer During Pandemic"

Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled "Tax Pros Fear IRS Appeals Cases May Suffer During Pandemic." The article notes that IRS Appeals cases may be impacted by the inability of Appeals employees to hold face-to-face meetings during the coronavirus pandemic, among other constraints on the office.

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Caroline D. Ciraolo quoted in Tax Notes article entitled "Direct Deposit Portal May Be New Vehicle for Old Scams"

Caroline D. Ciraolo was quoted in a Tax Notes article, entitled “Direct Deposit Portal May Be New Vehicle for Old Scams.”

“There will always be those who seek to abuse the system, but I suspect that individuals caught stealing much-needed relief funds will face law enforcement determined to hold them accountable and harsh consequences,” Caroline D. Ciraolo, a former head of the Justice Department’s Tax Division and now with Kostelanetz & Fink LLP, told Tax Notes.

Ciraolo said she expects the substantial time and resources the IRS devoted to the fight against identity theft refund fraud, and the filters developed in that process, will be put to good use protecting the direct deposit information portal.

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Yoram Keinan Quoted in Bloomberg Article Entitled “IRS Tries to Plug Timing Loophole in Anti-Abuse Rule Proposal”

Yoram Keinan was quoted in a Bloomberg Tax article, entitled “IRS Tries to Plug Timing Loophole in Anti-Abuse Rule Proposal.” The article details how, ”The proposed rules are Treasury’s attempt to bar companies from keeping a 100% deduction on early payments of their royalties agreements.” Mr. Keinan noted  that shareholders will “now have to track this new concept of a hybrid dividend account, which generally leads to a higher compliance burden.”

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