Don Fort was quoted in a recent CNN article entitled “Federal Funding Shortfall to IRS Threatens US Sanctions Enforcement on Russian Oligarchs,” published on March 27, 2022. The article notes: “How seriously are we really taking the sanctions problem if you’re not properly funding the
By Juliet L. Fink On February 15, 2022, the IRS announced updates and additions, both technical and substantive, to the Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, and its instructions. The updates reflect input from practitioners and taxpayers and take into account trends
New York, NY (March 7, 2022) — Kostelanetz & Fink partner Claude M. Millman has been recognized for the third consecutive year in City & State NY’s “Law Power 100” list. According to City & State NY, the “Law Power 100” is a list of “legal professionals who aren’t simply influential in their field,
Don Fort was quoted in a recent Tax Notes article entitled “Ukraine Invasion Prompts Wyden Call to Strengthen IRS CI,” published on March 2, 2022. The article notes: Don Fort of Kostelanetz & Fink LLP, who served as CI chief from 2017 to 2020, said
Don Fort was quoted in a recent Politico article entitled “What’s the IRS have to do with Russia and Ukraine?” published on February 28, 2022. The article notes: Experts say that the agency would be in a good position to track Russian assets, including those
As taxpayers prepare to file their 2021 tax returns, we note that the IRS recently announced in IRS Tax Tip 2022-17, February 1, 2022 (“the Tax Tip”), that it is “committed to ensuring that taxpayers pay no more than the correct amount of tax.” Taxpayers’
Don Fort was quoted in a recent Tax Notes article entitled “IRS Updates Voluntary Disclosure Form With Electronic Bent,” published on February 16, 2022. The article notes: Don Fort of Kostelanetz & Fink LLP told Tax Notes the decision to allow electronic signatures and electronic fax
Megan L. Brackney was quoted in a recent Forbes article entitled “Cryptocurrency Front And Center In Revised IRS Voluntary Disclosure Practice,” published on February 15, 2022. Brackney analyzes the implications of the recent updates to the IRS’s Voluntary Disclosure Practice Preclearance Request and Application on
On January 13, 2022, Him Das, Acting Director of the Financial Crimes Enforcement Network (FinCEN), addressed the annual Financial Crimes Enforcement Conference hosted by the American Bankers Association and American Bar Association to discuss FinCEN’s changing approach to anti-money laundering and counter-terrorist financing (AML/CFT). FinCEN
The American Bar Association Section of Taxation has announced the creation of the Loretta Collins Argrett Fellowship, a new initiative to promote diversity, equity, and inclusion in the Tax Bar. The goal of the Loretta Collins Argrett Fellowship is to identify, engage, and infuse historically
