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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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Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled "Pandemic Payment Program Will Add Nonfilers To IRS Rolls"

Bryan C. Skarlatos quoted in Law360 Tax Authority article entitled "Pandemic Payment Program Will Add Nonfilers To IRS Rolls," which explored the effects the coronavirus-related stimulus payments may have on the IRS’s ability to “to collect substantially more revenue in the future from individuals who had previously stayed below its radar.”

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IRS Provides Guidance on Collection and Other Enforcement Efforts

On March 30, the IRS Small Business/Self-Employed Division’s (“SBSE”) Director of Collection issued a Memorandum for All Collection Executives (the “Collection Memo”) ordering the implementation of a period of suspension of “most collection activities” by the IRS as part of the broader effort to provide temporary relief for taxpayers amid the COVID-19 pandemic. Under the guidance provided by the Collection Memo, taxpayers can expect most IRS collection activities to stop during the suspension period, which stretches from March 30, 2020 to July 15, 2020.

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Megan Brackney presented a webinar entitled "The New IRS Fraud Enforcement Office: Enforcement & Consequences of Tax Fraud," for the CPA Academy, on April 7, 2020

Now is a good time to enhance your understanding of tax fraud and the IRS’s antifraud enforcement tools  The IRS has created a new Fraud Enforcement Office to develop increased enforcement, both with criminal referrals from the field and additional civil fraud penalties. This webinar discussed the indicia of fraud, how the IRS identifies and proves fraud, and the civil and criminal consequences of tax fraud, and the relevant procedures.

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Information on IRS Stimulus Payments and Other Tax Implications of the Novel Coronavirus

The IRS has created a webpage on IRS.gov designed to answer taxpayer and business questions about stimulus payments and other guidance issued in response to the novel coronavirus pandemic. The webpage is being updated as needed to help individuals and businesses navigate the new guidance, obtain stimulus payments to which they are entitled and understand the new reporting and payment deadlines.  

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