News

A Pig Story, Belize Banks and Questions About U.S. Tax Evaders

By Jesse Drucker

It’s not just about the pig’s head.

Britain’s headline writers went into high porcine pun mode last month over a suggestion that Prime Minister David Cameron, while still in university, had taken part in a club-initiation ritual that bizarrely incorporated part of a pig carcass. The second-hand allegation appears in a take-down book about Britain’s Conservative party leader that will arrive early next week, co-written by a U.K. billionaire who helped fuel Cameron’s rise to power.

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Jerald David August Presents, "Required Disclosures of Potential Tax Liabilities to IRS and on Corporate Financial Statements" for the American Law Instituted Via Webcast

Jerald David August recently moderated and presented on the topic of "Required Disclosures of Potential Tax Liabilities to IRS and on Corporate Financial Statements" for the American Law Institute webcast on September 30, 2015. Mr. August spoke on "uncertain tax positions", tax opinions and the attorney-client privilege and work product doctrine on tax litigation matters related to tax accrual work papers and ASC 740-10 (FIN 48) work papers. 

This webinar is now available on demand. If you would like to look at the program brochure please visit www.ali-cle.org

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Michael Sardar presented "IRS/NYS Tax Audits and Collection Procedure 101: What Non-Tax Lawyers Need to Know" at the NYCLA CLE on Tax Practice and Procedure

On September 21, 2015, the NYCLA hosted a CLE program on Tax Practice and Procedure. Most non-tax attorneys shudder at the thought of their clients being the subject of a tax audit or a collection procedure. Yet there are many basic issues, recordkeeping steps and business practices all attorneys should familiarize themselves with when advising clients. In addition, knowing a taxpayer’s basic rights and the audit procedure, including the significance of the initial audit letter, how to respond and how to defend, will help ease the process for your clients, as well as alert them to when hiring a tax professional is needed.

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Bryan C. Skarlatos Presents "Offshore Accounting Reporting Provisions - and update" at New York State Tax & Financial Planning Conference

In today's global environment, tax practitioners must know the foreign asset reporting requirements and how to help clients who have failed to fulfill these requirements and how to help clients who have failed to fulfill these requirements. This session will provide an overview of the foreign asset reporting requirements as well as thew new penalty provisions.

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Jerald David August Presents, “Planning With Family Limited Partnerships, Including Government Challenges to Claimed Valuation Discounts” on ALI Webcast

Jerald David August moderated and spoke for ALI 2 webcast on “Planning With Family Limited Partnerships, Including Government Challenges to Claimed Valuation Discounts”.

Joining Mr. August for the presentation was Professor Emeritus of the New York University School of Law, Guy Maxfield, a long time friend and colleague of Robert S. Fink, Partner at Kostelanetz & Fink, LLP .

 

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Bryan C. Skarlatos Presents "Hot Topics in IRS Enforcement" at GSCPA Southeastern Accounting Show

On August 28, 2015 Bryan Skarlatos presents at GSCPA Southeastern Accounting Show. The topic reviews enforcement of the tax law and collection of taxes at the heart of our tax system. In today's ever-changing business, political and technological environment, the IRS must constantly develop new priorities and strategies to ensure that all taxpayers report and pay the appropriate amount of tax.

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Sharon L. McCarthy Serves as a Panelist in AFDA Live Video Webinar, "Negotiating Effective Non-Prosecution and Deferred Prosecution Agreements"

Sharon L. McCarthy recently served as a panelist in a live video webinar for AFDA, "Negotiating Effective Non-Prosecution and Deferred Prosecution Agreements".  This program covered the world of corporate criminal enforcement has witnessed an aggressive use of DPAs and NPAs by the U.S. Dept of Justice. As stated by Assistant AG Leslie Caldwell, these negotiated resolutions have enabled DOJ to "impose reforms, impose compliance controls, and impose all sorts of behavioral change." 

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Bryan C. Skarlatos Presents "Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2015," at PLI Conference

Bryan C. Skarlatos presented at the recent PLI Conference. The topic of the session, "Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations and Restructurings for 2015".

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Bryan C. Skarlatos quoted in "Deadline Change for Foreign Bank Reporting Wins Praise"


By Alison Bennett

Aug. 4 — Practitioners are praising the new deadline for reporting foreign bank accounts tucked into the new law (Pub. L. No. 114-41) to extend the Highway Trust Fund.

The measure ensures that the due date for the Report of Foreign Bank and Financial Accounts (FBAR), formerly June 30, is now the same as the U.S. tax filing deadline of April 15—a change that practitioners said will help taxpayers who frequently didn't know that the deadlines were different.

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Sidney Kess Chairs NYS Society of CPA's Conference, The CPA as Financial Planner: Boosting Business, Building Value

Financial Planning giants, hand picked by nationally renowned tax expert Sid Kess, share their best-kept secrets on how to seamlessly integrate financial planning services in to your business. Sidney Kess facilitates as Chair of the NYS Society of CPA's conference, The CPA as Financial Planner: Boosting Business, Building Value from July 15-16, 2015.

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