(212) 687-8080, Internet Explorer presents a security risk. Add the rest of your contact information below and select which topics are of interest to you. We use necessary cookies to make our site work. Files Malpractice Complaints with IRS and Other Accounting Regulatory Bodies for Citrin's Failure to File Purolite Tax Returns for Five Years and Additional Acts of Gross Professional Misconduct . Citrin Cooperman remains dedicated to providing their clients with top-level client service backed by a full suite of assurance, tax, and advisory services geared towards helping their clients grow their business and improve their personal finances. The Defendants continued use of the Plaintiffs services and Defendants acceptance of the account statements [were] received without objection.Citrin Cooperman seeks damages in excess of $50,000, plus the costs of litigation. New York-based Citrin Cooperman said on Wednesday it has acquired fellow New York firm Berdon, in a deal that should place the combined firm among the 20 largest in the U.S. with annual. Operating Status Active. The former client has included a number of inaccuracies in their press release and has named individuals in both their press releases and litigation who have had no involvement with the Purolite account. NEW YORK, March 4, 2021 /PRNewswire/ -- The partners of Citrin Cooperman issued the following statement in response to a press release sent to numerous outlets by the principal shareholders of. When typing in this field, a list of search results will appear and be automatically updated as you type. It says its $30 million demand reflects money in federal taxes, interest and penalties they might owe should the IRS audit the firm. This will mark . Purolite has engaged a public relations firm to place false negative and misleading digital advertisements on multiple social media platforms targeting Citrin Cooperman's employees, clients, and others affiliated with the firm. The company has over 250 partners and 1,300 employees spread across 16 offices in key US markets and in India. Citrin Cooperman entered the picture about six years after Plaintiffs began investing in the Funds when Carrow became the managing partner of its Philadelphia office. "Citrin Cooperman strongly refutes the attack made against our firm and several of our partners by the principal shareholders of Purolite. In a tax dispute thats both sobering and surprising, Purolite and Citrin have gone at it in court and in public, digging deep to fling mud at each other. Citrin Coopermans Manufacturing and Distribution Practice is delighted to announce the release of the third annual industry survey report! Purolite sued in 2019 and filed an amended complaint in 2021. Live market coverage co-anchored from Hong Kong and New York. We entrusted Citrin to properly file our corporate tax returns with the relevant governmental authorities and expected that, as a major accredited accounting firm, Citrin would fulfill those basic duties, said Stefan Brodie, co-founder and CEO of Purolite. Outside of work, Josh enjoys being an active member of his community. ORDERED that Citrin Cooperman & Company, LLP's motion to dismiss the claims of Andrew Targum, Erika Targum, Andrew S. Targum, P.C., Andrew Scott Targum, P.C., and Targum, Britton & Tolud, LLP is granted as to the claims for ratification, and to the extent that these plaintiffs seek to recover for actions dating before September 12, 2009 and to . Open to all tips: earvedlund@inquirer.com, Here are the big tax headaches that could hit firms and employees who work from home, Heres how to get free help on your 2020 taxes, California residents do not sell my data request. The lawsuit chronicles Citrin's blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolite's unwitting failure to meet its tax filing obligations. Given an opportunity to speak, Weber said hed only ever intended to borrow the money, and promised, I will try 100 percent to make amends. Webers lawyer, Kevin Kearon said, He is deeply remorseful. Weber must serve at least three years and as long as nine if probation keeps him in that long. It operates a large office in Center City Philadelphia. Purolites founding partners have consistently paid all of the taxes that Citrin Cooperman advised were owed, including for the years for which Citrin Cooperman failed to file the corporate tax returns. [ NEW] 25% reduction in partner distributions from May 1 until Dec. 31. In recent days, the Biden administration has proposed plans for a global minimum tax to crack down on corporations stashing profits abroad to avoid U.S. taxes. You were expected to get your job done. Negotiated favorable resolutions for clients in lawsuit alleging fraud, professional negligence, and failure to supervise accountant criminally convicted of stealing nearly $1,000,000 from clients. DocketAFFIRMATION/AFFIDAVIT OF SERVICE (Motion #001) Affirmation of Service of Order to Show Cause dated November 16, 2020 and supporting papers, and Verified Petition; Filed By: Librera, K.; Filed: 11/19/2020; Received: 11/19/2020, DocketORDER TO SHOW CAUSE (Motion #001) seal; Filed By: Court User; Filed: 11/16/2020; Received: 11/16/2020, DocketADDENDUM - COMMERCIAL DIVISION (840C) (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketRJI -RE: ORDER TO SHOW CAUSE (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketMEMORANDUM OF LAW IN SUPPORT (Motion #001) Petitioner's Memorandum of Law in Support of Petition to Compel; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketMEMORANDUM OF LAW IN SUPPORT (Motion #001) Memorandum of Law in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketAFFIDAVIT OR AFFIRMATION IN SUPPORT OF PROPOSED OSC/EXPARTE APP (Motion #001) Affirmation of William M. Sunkel in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketORDER TO SHOW CAUSE - ACCOMPANYING COMMENCEMENT DOC(S) (PROPOSED) (Motion #001) Order to Show Cause; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketEXHIBIT(S) - C *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, DocketEXHIBIT(S) - B *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, DocketEXHIBIT(S) - A *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, DocketPETITION *Corrected* Verified Petition; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020. In the summer of 2019, though, Purolite decided to switch accountants, shifting the work to EY, formerly Ernst & Young. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, As a firm that employs 1,200 people around the globe, it files complex tax returns. The dispute centers on a complex part of the U.S. tax code known as Section 956, which is known as a minefield among tax practitioners, said Alice Abreu, professor of law and director of the Temple Center for Tax Law and Public Policy. citrincooperman.com, Laura F. Kucera,212-697-1000,https://www.citrincooperman.com/, Cision Distribution 888-776-0942 For decades, family-run Purolite has sold specialty resins, gradually expanding sales to more than 30 countries. This field is for validation purposes and should be left unchanged. The campaign Purolite is now engaged in to damage the reputation of our firm is abhorrent and punitive. v. Citrin Cooperman & Company, LLP, Matthew Weber, et al. The dispute is another in a long-running controversial tax issue how American multi-national corporations should account for overseas profits. The lawsuit chronicles Citrin's blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolite's unwitting failure to meet its tax filing obligations. He also enjoys running marathons, traveling, and spending time with family and friends. In addition to his vast real estate experience, Josh provides wide-ranging business consulting and advisory services and tax compliance for a number of large hospitality groups in South Florida. For many years, Purolite and Citrin Cooperman accountants worked together in a partnership that began when the older Brodies hired a small accounting firm that was later, in 2007, purchased by Citrin. On 09/15/2016 CITRIN COOPERMAN COMPANY, LLP, filed an Other lawsuit against BASCOM, ODINGA. Our daily mission is to help our clients "focus on what counts." Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Citrin falsely represented to Purolite that it had completed and filed all required returns with governmental entities, when in fact, Citrin never filed corporate returns for tax years 2013 through 2017 and failed to properly file required tax forms for Purolites foreign affiliates from 2010 through 2017. Citrin Cooperman has repeatedly resisted the Brodies demands to prepare tax returns that we believe would violate our professional standards and government regulations, the accounting firm said. Add the rest of your contact information below and select which topics are of interest to you. In addition, Citrin forged signatures on [at least two] Purolite engagement letters in a fraudulent attempt to indemnify itself retroactively once its malpractice was discovered by Purolite. Cooperman also offered to pay for the preparation cost of Purolites corporate returns. Please visit www.purolite.com for more information. READ MORE: Heres how to get free help on your 2020 taxes. A war of words heats up over how and whether international taxes should be paid. Citrin Cooperman is an independent firm associated with Moore Global Network Limited. Our Website Uses Cookies. which joined Citrin Cooperman in 2022. The case status is Disposed - Other Disposed. Last Funding Type Private Equity. Attorney Francis X. Grimes, of the Jenkintown, Pa. firm Stock & Grimes, LLP, filed a civil action March 19 at the Philadelphia Court of Common Pleas on behalf of Citrin Cooperman & Company LLP. This was done under their umbrella, in their offices, on their computers, and through their negligence, Bardachs lawyer, Robert Georges, told reporters. We stand by the firm's decision to refuse to prepare the tax returns in question and look forward to pursuing all legal remedies available. Cases involving other matters not classified elsewhere, 890, 1890, 1990, 2890, 2899, 2999, 3375, 3890, 3896, 3899, 3999, 4890, 4896, 4999, PricewaterhouseCoopers LLP v. Citrin Cooperman & Company, LLP, AFFIRMATION/AFFIDAVIT OF SERVICE (Motion #001) Affirmation of Service of Order to Show Cause dated November 16, 2020 and supporting papers, and Verified Petition; Filed By: Librera, K.; Filed: 11/19/2020; Received: 11/19/2020, ORDER TO SHOW CAUSE (Motion #001) seal; Filed By: Court User; Filed: 11/16/2020; Received: 11/16/2020, ADDENDUM - COMMERCIAL DIVISION (840C) (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, RJI -RE: ORDER TO SHOW CAUSE (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, MEMORANDUM OF LAW IN SUPPORT (Motion #001) Petitioner's Memorandum of Law in Support of Petition to Compel; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, MEMORANDUM OF LAW IN SUPPORT (Motion #001) Memorandum of Law in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, AFFIDAVIT OR AFFIRMATION IN SUPPORT OF PROPOSED OSC/EXPARTE APP (Motion #001) Affirmation of William M. Sunkel in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, ORDER TO SHOW CAUSE - ACCOMPANYING COMMENCEMENT DOC(S) (PROPOSED) (Motion #001) Order to Show Cause; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, EXHIBIT(S) - C *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, EXHIBIT(S) - B *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, EXHIBIT(S) - A *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, PETITION *Corrected* Verified Petition; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020. Headquartered in King of Prussia, Pennsylvania with 40 sales offices in more than 30 countries, the company has ISO 9001 certified manufacturing facilities in the USA, China and Romania and operates dedicated R&D centers in the USA, China, Romania, Russia and the UK. Citrin compounded its misconduct by concealing its failure to file the relevant returns and hampering Purolites efforts to mitigate the harm Citrin caused by refusing to provide necessary records in its possession so that Purolite could belatedly file returns and related tax forms with governmental entities. Instead, they have not only abjectly failed to meet their professional obligations but also conducted themselves in a shockingly unethical manner, including forging my signature. Finance. We will only set these optional cookies if you enable them, by allowing specific optional cookies in "cookie settings.". Our firm has successfully built our business and our reputation for over 40 years since starting the business in 1979 and today have over 40,000 satisfied clients. 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