By Caroline Ciraolo, Don Fort, and Ian Weinstock Bloomberg Tax August 28, 2023 High-net-worth US taxpayers, working with professional advisers, have transferred assets into personal retirement plans established in Malta to limit and potentially eliminate tax on distributions. These so-called Malta pension plans rely on a specific interpretation of the
Caroline Ciraolo Also Selected ‘Lawyer of the Year’ NEW YORK (August 17, 2023) — Thirteen Kostelanetz attorneys, including all ten partners, have been recognized by “Best Lawyers in America®” in the 2024 edition, and Caroline D. Ciraolo has been named “Lawyer of the Year” for Litigation and Controversy – Tax
NEW YORK (November 7, 2022) — Kostelanetz LLP has been recognized for its “professional excellence” in Tax Law, Litigation – Tax, Commercial Litigation, and Criminal Defense: White Collar by the 2023 U.S. News – Best Lawyers® “Best Law Firms” list. In addition, the firm has been recognized in Tier 1 in New
On July 7, 2022, Ian Weinstock teaches a course entitled, “FBARs and Entities – Who Must File?” for the CPA Academy. Course Description: While it is generally clear-cut whether or not an individually owned foreign account needs to be reported on an FBAR, it is less obvious when a foreign
NEW YORK CITY (April 5, 2022) — Kostelanetz & Fink is always innovating. This year, we took a detour from the traditional law firm summer associate approach, and invited a summer associate applicant, Ruth Schapiro, to join us during her second year of law school, as a Spring 2022 intern. As
Ian Weinstock was quoted in recent Forbes article entitled, “Increasing the Capital Gains Rate: Tax Planning in a Time of Flux.” Mr. Weinstock discusses the Biden administration’s proposed increase in the capital gains tax rate and what taxpayers should think about before selling their investments. The article quotes Mr. Weinstock
In a recent Bloomberg article entitled, “Tax Hikes on Rich Loom If Treasury Revives Hard Look at Estates,” Ian Weinstock weighed in on the new Biden administration’s potential priorities regarding stepped up audits of high-wealth individuals’ estate tax, gift tax and fiduciary income tax returns. As the article relates: “Policymakers
By: Ian Weinstock The CPA Journal March 2019 Edition The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) Form 114, the Report of Foreign Bank and Financial Accounts—colloquially known as FBAR— has become famous due to the huge potential penalties imposed on taxpayers whose failure to file is deemed to be willful.
By Ian Weinstock The CPA Journal March 2018 Edition When advising taxpayers or preparing returns, brightline rules are generally the easiest to explain and to handle. In contrast, tax outcomes that depend on facts and circumstances are inherently more difficult to evaluate. It is therefore a relief that many federal tax residency
