Paul Butler participated in the panel entitiled "Practical Privilege Issues," at the ABA Tax Midyear Meeting on January 31, 2020
This panel discussed the rules protecting communications from disclosure, using real-world examples. The panelists also discussed hot topics and best practices.
Sharon L. McCarthy presented a webinar entitled "Ethical Considerations for Tax Pros: Recognizing Conflicts and Asking for Advice" through CPAAcademy.org on January 30, 2020
In this webinar, attendees reviewed the duties of a tax professional in advising clients on tax return preparation and audits. Using real-life examples, we identified potential conflicts and other problems that may arise in the course of a tax professional's representation, as well as discussed recommended methods for addressing them. Among the topics covered were a tax professional's duty of candor to the IRS and the potential for discipline and, in extreme circumstances, criminal prosecution for failure to comply with one's duties.
Megan L. Brackney participated in the panel entitled “Empire State Update: Recent Developments in New York State Taxes,” New York State Bar Association, Section of Taxation, Annual Meeting on January 28, 2020
The panelists discussed recent developments, including an update on New York’s draft corporate income tax regulations, newly issued administrative guidance, as well as some important decisions issued by the New York State Division of Tax Appeals and New York State judicial courts.
Usman Mohammad participated in the webinar entitled "U.S. Tax Reporting of Foreign Retirement Accounts and Other Foreign Trusts" hosted by Strafford on January 23, 2020
Usman Mohammad participated in the webinar entitled "U.S. Tax Reporting of Foreign Retirement Accounts and Other Foreign Trusts" hosted by Strafford on January 23, 2020.
Michael Sardar presented "The Updated IRS Voluntary Disclosure Practice" at The Long Island University Tax Controversy Forum on January 16, 2020
Representatives of the IRS Local Taxpayer Advocate and the New York State Department of Taxation and Finance were available to help tax professionals with unresolved tax problems.
Caroline D. Ciraolo was interviewed for the "People in Tax" Podcast by ABA Tax Times on January 9, 2020
In part two of their interview, James Creech and Caroline Ciraolo discuss nationwide coordination of tax issues by the DOJ Tax Division, working in government, mentoring, and work-life balance.
For years, wrongfully incarcerated individuals who received compensation for their time behind bars were required to pay income taxes on the settlements they received from government organizations responsible for their wrongful incarceration. Congress changed the law in 2015 to exempt exonerees from paying income taxes on civil damages, restitution or other monetary awards received as compensation for their wrongful incarceration. Despite the passage of the Wrongful Conviction Tax Relief Act of 2015, many exonerated individuals remain unaware of their right to a refund of tax paid on their compensation, much less the applicable filing deadlines.
Christopher Ferguson presented the "Update on International Voluntary Disclosure Procedures" at the NYSSCPA’s International Tax Committee’s Annual Conference on January 30, 2020
An overview of the current options in place for those US taxpayers who have not complied with return filings and/or information disclosures, recent activities/focus by the IRS on enforcement, and traps for the unwary.
NEW YORK (Jan. 06, 2020) -- Kostelanetz & Fink is pleased to announce that Christopher M. Ferguson has been named a partner in the firm. Mr. Ferguson joined Kostelanetz & Fink’s New York office in 2003 and is a key member of K&F’s team with extensive experience in white-collar criminal defense, complex commercial litigation, civil and criminal tax controversies and other regulatory enforcement matters.