Megan L. Brackney presented a webinar on "Foreign Information Return Penalties And Defenses" for the CPA Academy

This program covered the basic requirements for reporting non-U.S. assets, and then discuss the penalties for failure to file these foreign information returns and other consequences, the procedures for assessment and review, taxpayer defenses, and options for strategies for taxpayers who want to get into compliance.


Claude M. Millman quoted in "Seven NYC Students Didn’t Get Seats in Elite Schools, So They Asked State for Help", Wall Street Journal

Seven New York City students who didn’t get into specialized high schools are asking the state education commissioner to ensure they get spots, saying the city’s diversity push unfairly denied them seats for the fall.

Their challenge argues the city’s expansion of the so-called Discovery program will hurt the elite schools’ academic excellence. That program offers spots and free summer tutoring to low-income students with high potential who score below the test-score cutoff for admission. The petitioners ask the commissioner to declare the department’s implementation unlawful.

These petitioners, who are mostly middle-income, are black, Hispanic, Asian and white. They just missed test-score cutoffs for these prestigious schools, which use an exam to determine admission. They say the city hasn’t complied with key details of a state law that governs entrance.

Read more Share

K&F Partners Selected as 2019 Washington D.C. Super Lawyers in Areas of Tax and White-Collar Criminal Defense

WASHINGTON, D.C. (April 19, 2018) Kostelanetz & Fink is pleased to announce that partners Caroline D. Ciraolo and Jay R. Nanavati have been selected for inclusion on the 2019 Washington, D.C. Super Lawyers list. Ciraolo, who was previously included on this list in 2018, was recognized for her excellence in tax law and Nanavati makes his first appearance on the list as a top-rated 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.”

Read more Share

Caroline D. Ciraolo co-chaired and moderated "Identifying The Line Between Avoidance And Evasion: Global Criminal Tax Enforcement" at the 19th Annual U.S. and Europe Tax Practice Trends Conference

Whistleblowers, data leaks, and cooperators have brought allegations of criminal tax violations the forefront and countries around the world are facing increased pressure to take aggressive action, hold those involved accountable, and recover lost revenue. 

Read more Share

BRYAN C. SKARLATOS QUOTED IN "The $26 Million Question: What Happens if You Don’t File Your Taxes for a Decade?", THE WALL STREET JOURNAL

The IRS can fill out a substitute return for you—and it usually isn’t accurate. And a lot of penalties and interest will accrue.

Even if you don’t go to jail, blowing off the Internal Revenue Service is a really bad idea.

Take Larry Cecil Cabelka of Megargel, Texas. Mr. Cabelka didn’t submit tax returns for 12 years during the 1990s and 2000s, according to a March 26 ruling by a U.S. appeals court. As a result, said the court, he owes the U.S. more than $26 million.

Read more Share

Paul Butler participated in a panel titled “Connecting The Dots – Managing Privilege In An Interconnected World” at the Tax Executives Institute

The contours of various privileges (attorney-client, attorney work product, spousal, etc.) vary from one jurisdiction to another domestically from whether each privilege exists to who holds (or “owns”) the privilege to how it is waived or preserved. Putting those issues into cross-border transactions and negotiations conducted through a variety of communication vehicles only increases the complexities, some of which were identified and unraveled in this panel discussion.

Read more Share

Yoram Keinan presented "Taxation Of Financial Products And Institutions In The Aftermath Of TCJA" at the Tax Executives Institute

March 31 - April 3, 2019 - Grand Hyatt Hotel, Washington, D.C. 
Read more Share

Caroline D. Ciraolo participated in the panel titled "What Every Estate Planner Needs To Know About International Tax And Reporting, And The Government’s Enforcement And Initiatives?" at the CLA Tax Section Annual Estate and Gift Tax Conference

CLA Tax Section Annual Estate and Gift Tax Conference



Caroline D. Ciraolo participated in the panel titled "Updated Voluntary Disclosure Procedures: Is This The Correct Path For Your Noncompliant Client?" at the 43rd Annual Tax Law Conference

2019 promises to be a key year for the tax bar. With landmark administrative guidance in the wake of tax reform, practitioners will be contending with fast-paced developments that will have immediate and immense effects. 

Read more Share

Jay Nanavati participated in the panel titled "Technology in Tax Enforcement" at the 43rd Annual Tax Law Conference

Attendees learned about the role of “big data” in the IRS’s and DOJ’s efforts to efficiently analyze the vast amounts of data that it receives from FATCA, the former Offshore Voluntary Disclosure Program, the current Voluntary Disclosure Practice, the Swiss Bank Program, and Suspicious Activity Reports.

Read more Share