Bryan C. Skarlatos chaired the program "Nuts & Bolts of Tax Penalties: A Primer on the Standards, Procedures & Defenses Relating to Civil & Criminal Tax Penalties" at the Practising Law Institute
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. Unfortunately, accounting and law school tax classes rarely focus on penalties, leaving practitioners to pick up the relevant standards and procedures from the trial and error of daily practice.
Bryan C. Skarlatos spoke on the panel "Enforcement Actions" at the 2017 Blockchain Technology and Digital Currency National Institute
The 2017 Blockchain Technology and Digital Currency National Institute took place on April 10, 2017, in New York City. This special program was dedicated to in-depth analysis of the emerging legal issues and the latest legal events concerning digital currencies, like Bitcoin, and blockchain technology.
Bryan C. Skarlatos spoke on the panel "Life of a Criminal Tax Case: Litigation Stage" at the 2017 Federal Bar Association Tax Law Conference
This panel was moderated by Richard T. Lunger, Deputy Division Counsel/ Deputy Associate Chief Counsel, Office of Chief Counsel (Criminal Tax), I.R.S.
Mr. Skarlatos was accompanied by distinguished panel members Tino M. Lisella, Assistant Chief, Criminal Enforcement Section, Western Region, U.S. Department of Justice, Tax Division and Jay R. Nanavati, Counsel, Baker & Hostetler LLP.
Bryan C. Skarlatos and Juliet L. Fink Obtain Sentence Of Nine-Months Home Confinement For Defendant Facing 15 Years’ Imprisonment In Connection With $80 Million Art Fraud Scheme
The Long Island woman who fooled the art world by pawning off paintings by an unknown artist from Queens as the work of Modernist masters was sentenced to time served on Tuesday, more than five years after her actions helped lead to $80 million in fraudulent sales and the demise of New York’s oldest gallery.
Megan L. Brackney and Bryan C. Skarlatos presented "Effectively Representing Taxpayers Before the IRS" at the Sid Kess All-Star Series
On December 28th at the New York State Society of CPAs, we followed the journey of Joe & Mary through the IRS process. This full-day program used a particular client’s fact pattern to highlight the various areas of the IRS representation process and the opportunities and pitfalls for practitioners and their clients.
Bryan C. Skarlatos presented "The Next Wave: The Government’s Focus on U.S. Investments to Evade Foreign Taxes" at the ABA 33rd Annual National Institute on Criminal Tax Fraud and 6th Annual National Institute on Tax Controversy
There is increasing attention to the use of U.S. investments, structures, and bank accounts to facilitate tax evasion in other countries. The last year has seen a number of initiatives to increase information reporting concerning these activities, as well as increased investigations in this area. This panel discussed these initiatives, the tools available to the government, and ways to be prepared for the next wave of enforcement.
Trump faces potential decision on IRS
by: Kevin McCoy
President-elect Donald Trump could face a decision that may affect whether his tax returns will continue to be audited throughout his four-year term of office.
IRS regulations call for annual audits of tax returns filed by U.S. presidents and vice presidents. But those rules, in place roughly 40 years, theoretically could be changed by the tax agency — whose current leader is under fire from Capitol Hill.
The rules are included in the Internal Revenue Service Manual, which guides actions by the nation's tax agency. It states that tax returns filed by the president and vice president "are subject to mandatory examinations," and should not get less-rigorous screening.
The protocol dates back to the Watergate era and President Richard Nixon. He refused to release his 1971 and 1972 tax returns, said they had been audited and initially opposed any re-check.
Bryan C. Skarlatos quoted in the Bloomberg BNA Article "IRS Expands Offshore Tax Avoidance Efforts Past Switzerland"
IRS Expands Offshore Tax Avoidance Efforts Past Switzerland
Oct. 27 — The IRS’s criminal investigations arm is moving beyond Switzerland in its efforts to track down U.S. tax evaders, the agency’s investigations chief said.
“In fiscal year 2017, IRS-CI will continue to rigorously pursue U.S. citizens seeking to evade income taxes by placing assets in other countries,” said Richard Weber, chief of the Internal Revenue Service’s Criminal Investigation Division. The focus so far has been mostly on Switzerland, but the division is beginning to pursue those efforts on a wider scale, he said Oct. 27 at an anti-money laundering conference sponsored by the New York State Society of Certified Public Accountants.