Phillip Colasanto, Esq.

Associate

Mr. Colasanto is a tax controversy and litigation lawyer who concentrates on civil and criminal tax controversies. Mr. Colasanto represents both individuals and businesses, domestically and internationally, before the United States Tax Court and the United States District Court.

Mr. Colasanto is a frequent speaker and has authored several tax-related articles. He is also heavily involved with the American Bar Association, where he is chair of several subcommittees.

Prior to joining Agostino & Associates, P.C. Mr. Colasanto was a pro bono law clerk for the United States District Court, District of New Jersey, and, thereafter, a civil litigator, where he handled cases from inception through and including trial.

Contact Information

Phillip Colasanto, Esq.
14 Washington Place
Hackensack, NJ  07601
201-488-5400 x105
[email protected]

Education

Mr. Colasanto received his J.D. and L.L.M. from New York Law School, where he was a John Marshall Harlan Scholar and an editor of the New York Law School Law Review.

Bar Admissions

• New York
• New Jersey

Court Admissions

• United States Tax Court
• United States District Court, District of New Jersey, United States District Court, Eastern and Southern Districts of New York

Recent Publications

The International Information Reporting Penalties: Is the IRS’s Failure to Embrace a One-Stop Shopping Paradigm Inefficient and Statutorily Deficient?, Agostino & Associates Monthly Journal of Tax Controversy, November 2018.

Examination of Large Foreign Gifts and Inheritances: Code Sec. 6039F, Notice 97-34, and Form 3520, Journal of Tax Practice & Procedure, June-July 2018.

Tax Controversies and Form 5472’s Reporting and Record-Keeping Requirements of Foreign-Owned U.S. Corporations and Foreign Corporations Doing Business in the U.S., Agostino & Associates Monthly Journal of Tax Controversy, April 2018.

Reporting Large Foreign Gifts and Inheritances-Internal Revenue Code 6039F, Notice 97-34 & IRS Form 3520, Agostino & Associates Monthly Journal of Tax Controversy, March 2018.

How Hurricanes and Natural Disasters Affect Tax Return Preparation and Examinations, Bloomberg BNA Tax Management Real Estate Journal, V. 33, 10, p. 247, October 4, 2017 (republished in Bloomberg BNA Daily Tax Report, 226 DTR J-1, November 27, 2017).

The “Hobby Loss” Examination Audits of Activities Not Engaged in for Profit, Journal of Tax Practice & Procedure, June-July 2017.

Whistleblowers: How Tattling Can Be Profitable, Agostino & Associates Monthly Journal of Tax Controversy, June 2017

How Hurricane & Natural Disasters Affect Tax Return Preparation and Examinations, Agostino & Associates Monthly Journal of Tax Controversy, March 2017.

The Hobby Loss Rule-Activities Engaged in for Profit, Deductibility of Expenses, and IRS Examinations, Agostino & Associates Monthly Journal of Tax Controversy, March 2017.

Speaking

Diversity Tax Day for Professional Working With Limited English Proficiency, Starting a Business With Money Form Abroad, Presented at Venable LLP, New York, NY, July 11, 2018.

International Tax Enforcement Update, Practices and Strategies for Preparing International Information Returns and Reporting Foreign Income & Assets, Presented at Hackensack Performing Arts Center, Hackensack, NJ, June 20, 2018.

Ninth Annual Criminal Tax Enforcement Forum, Updates on Whistleblower Awards, Presented at Bergen Community College, Hackensack, NJ, January 31, 2018.

Ethics for the Tax Professional, DLA Piper, New York, NY, October 20, 2017.