Caroline D. Ciraolo quoted in Tax Notes article entitled "Another District Court Weighs in Favor of FBAR Survivability"
In a recent Tax Notes article by Andrew Velarde entitled “Another District Court Weighs in Favor of FBAR Survivability, Caroline Ciraolo reacted to recent rulings on whether penalties for willful failure to file foreign bank account reports can survive the death of the nonfiler. As Caroline noted, the court’s remedial determination ignores a decade of practice in how the civil FBAR penalty has been imposed.
Caroline D. Ciraolo and Bryan C. Skarlatos quoted in Tax Notes article entitled "Texas Law Firm Must Comply With IRS John Doe Summons"
Caroline D. Ciraolo and Bryan C. Skarlatos were quoted in Tax Notes article entitled "Texas Law Firm Must Comply With IRS John Doe Summons,” regarding a recent Fifth Circuit ruling upholding an order “requiring a Texas law firm to turn over information on clients with offshore structures in response to an IRS John Doe summons,” according to the article.
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.”
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.
Caroline D. Ciraolo moderated and Brian P. Ketcham participated in the panel entitled "Criminal Tax Sentencing - Best Practices," at the Federal Bar Association's 2020 Tax Law Conference
The panel reviewed the latest sentencing statistics in criminal tax prosecutions and discussed best practices in connection with negotiating the plea agreement, calculation of tax loss, impact of forfeiture, dealing with Office of Probation and Pretrial Services, character letters, payment of restitution, sentencing memoranda, allocutions, witnesses, conditions of probation or supervised release, and designations.
Caroline D. Ciraolo participated in the Forum on International Tax Disputes, Surrey, United Kingdom on February 26-28, 2020
Each year the Forum's steering committee welcomes up to 44 senior tax directors and leading lawyers personally selected from renowned regional and national firms and corporations around the world. With increased transparency and information sharing amongst tax authorities, as well as use of aggressive techniques like criminal investigations and digital taxation on the rise, there is a greater need to keep up-to-date on developments in key jurisdictions around the world.
Caroline D. Ciraolo and Jay R. Nanavati presented "Financial Crimes Enforcement, Compliance & Risk Mitigation" at the Bahamas Financial Services Board in Nassau, Bahamas on February 19, 2020
Washington, D.C.-based Kostelanetz & Fink partners Caroline D. Ciraolo and Jay R. Nanavati presented "Financial Crimes Enforcement, Compliance & Risk Mitigation" at the Bahamas Financial Services Board in Nassau, Bahamas on February 19, 2020.