Bryan C. Skarlatos presented "IRS Update: Hot Tips On Tax Penalties" at the 2017 AICPA Sophisticated Tax Planning For Your Wealthy Clients Conference
The number of accuracy-related penalties assessed against individual taxpayers increased from 58,366 in 2005 to 553,184 in 2015. That is nearly a 1,000% increase over the past decade! Are there more bad taxpayers? Or, is the IRS just getting more aggressive about asserting penalties? Regardless of the answer, responsible tax practitioners must understand what triggers a penalty assessment and how to protect their clients and themselves against such assessments. This session provided useful tips on how to deal with the IRS when tax penalties raise their ugly head.
With bitcoin trading hitting all-time highs, Ryan Derousseau explores tax-related issues in Money Magazine's recent article, "There's a Hidden Bitcoin Tax You Need to Know About". In a quote from the article:
"You can even buy lunch at a Subway sandwich shop in Allentown, Penn. using bitcoin, or gain access to the VIP room of a “gentlemen’s club” in Las Vegas.
Bryan C. Skarlatos presented "How Far Can You Go? Ethical And Penalty Issues In Everyday Tax Practice" at the NYU-SPS 76th Institute On Federal Taxation
The NYU School of Professional Studies Institute on Federal Taxation is designed for the practitioner who must frequently anticipate and handle federal tax matters. It provides high-level updates, practical advice you can implement, and in-depth analysis of the latest trends and developments from leading experts.
Bryan C. Skarlatos participated in a panel titled "Mastering Bitcoin, Blockchain, & Digital Currency Law CLE" at The Rossdale Group Telephonic Seminar
The huge expansion in Bitcoin & digital currencies in states across the nation and globally has led to a significant need for attorneys proficient in the cutting-edge use of related legal and regulatory issues. The laws vary greatly and have been in flux with the proliferation of Fortune 500 companies, governments, and start-ups seeking to take advantage of this growing use of currency. The faculty for this seminar featured several leading authorities on the subject.
Op-Ed By Bryan C. Skarlatos
Featured on CNBC
Crypto currencies may have been around for less than a decade, but they are proliferating so quickly that our established tax and regulatory systems can't keep up. And that could create serious tax problems for those who would join the digital currency revolution.
Bryan C. Skarlatos presented "Exploring The Limits Of The Evolving Economic Substance And Business Purpose Doctrines And Related Ethics Issues" at PLI Tax Strategies 2017
Exploring the Limits of the Evolving Economic Substance and Business Purpose Doctrines and Related Ethics Issues - Recent cases and guidance; when to apply which doctrine; the two-prong test (the objective component and the subjective component) of the codified economic substance doctrine.
By: Sara Gilgore
New York City-based Kostelanetz & Fink LLP has launched a Washington practice.
The law firm opened in D.C. — its first office outside of Manhattan in 60 years of operation — at 601 New Jersey Ave. NW. It will serve as an extension of the firm’s government-oriented tax, regulatory and white-collar criminal work, said Bryan Skarlatos, its managing partner, in a statement.
Bryan C. Skarlatos presented "How Sure Do You Have to Be? Ethical And Penalty Standards For Taking Positions On Tax Returns" at UJA Federation Of NY
Mr. Skarlatos shared his extensive knowledge with those in attendance.
This column does not give investment advice, but readers need look no further for a market top in cryptocurrencies than the fact that Paris Hilton is touting — or rather tweeting — an initial coin offering. Yup, the socialite and perfume entrepreneur who once tried to trademark the phrase “that’s hot” tweeted that she is looking forward to participating in LydianCoin’s initial coin offering (ICO).