Megan L. Brackney chaired the panel "Is Voluntary Compliance Becoming Less Voluntary? A Whistleblower Case Study And Other Tax Compliance Topics" at the NYSBA Tax Section Annual Meeting in New York
This panel discussed ethical issues related to the discovery, correction, and prevention of tax non-compliance, including a whistle-blower case that raises these issues, ethical considerations when handling an internal tax investigation, and advising clients on correcting past non-compliance.
Megan L. Brackney presented "Use Of Reasonable Cause To Avoid Penalties" at the 2018 PrimeGlobal North America Annual Tax Conference
For over 35 years, the PrimeGlobal Annual Tax Conference has proved its worth. Delegates leave with the very best in tax planning ideas, up-to-the-minute federal and state tax updates, strong relationships with some of the smartest tax partners in the industry, and a wealth of practice management tips and tools to make the busy season run smoothly.
The Executive Taxation Series is offered by the Zicklin School of Business in partnership with the Division of Continuing Professional and Professional Studies at Baruch College. Through this Executive Series, Baruch provided alumni and other members of the tax community with an opportunity to earn up to 24 hours of CPE in taxation.
Bryan C. Skarlatos & Megan L. Brackney presented "Impact Of The DOJ's Revised Charging & Sentencing Policy On Tax And Other Criminal Cases" at the ABA Young Lawyers Division
With the Department of Justice’s revised Charging and Sentencing Policy issued on May 10, it was a good time to review how sentencing works in criminal cases, with an emphasis on criminal tax cases. This program discussed how the Sentencing Guideline levels are determined in tax cases, including computation of the tax loss and common adjustments, assessment of restitution, and other issues.
Megan L. Brackney quoted in Law360 Article "IRS Prepayment Demands Hurt Poor, Harvard Tells 2nd Circ."
By Bryan Koenig
Law360, Washington (June 29, 2017, 7:43 PM EDT) -- Harvard’s legal clinic for low-income taxpayers waded into a tax shelter promoter’s Second Circuit appeal of a $160 million IRS penalty on Wednesday, arguing in an amicus brief that a lower court ruling tossing his penalty challenge means that many poor taxpayers won't be able to contest their own liabilities in court.
By Megan L. Brackney
Journal of Passthrough Entities
May - June 2017 Edition
"John Doe” summonses have been in the news again. On January 24, 2017, a federal district court unsealed an order authorizing the Department of Justice (DOJ) to serve a John Doe summons upon a third party to obtain information about U.S. taxpayers who may hold offshore accounts established by Sovereign Management & Legal LTD, a Panamanian Entity. The John Doe summons sought records of U.S. taxpayers who had been issued debit cards that could be used to access funds in such a manner as to hide assets offshore. Previously, another federal court authorized John Doe summonses on eight entities, including FedEx, DHL, UPS, Western Union and HSBC USA, for records that would assist the IRS in identifying U.S. taxpayers who used Sovereign’s services to establish or maintain foreign financial accounts or other offshore assets. On November 30, 2016, another federal district court authorized DOJ to serve a John Doe summons on Coinbase, a virtual currency exchanger on the grounds that convertible virtual currency, such as Bitcoin, is difficult to trace and there is a reasonable basis for believing that some virtual currency users have failed to comply with federal tax law.