Taxation & Estate Planning

Schlunk: Repealing Tax Preferences for Educational Endowments

Posted on February 05, 2010
Herwig J. Schlunk (Vanderbilt) has posted An Argument for the Repeal of Tax Preferences for Educational Endowments on SSRN. Here is the abstract: This essay examines the case for granting tax preferences to private university endowments. It looks first at the theoretical case as recently spelled out by David Schizer,...

WSJ Names TaxProf Blog #1 Tax Blog

Posted on February 05, 2010
The Wall Street Journal's Digital Network has named TaxProf Blog the #1 Tax Acconting Blog: 1. TaxProf Blog: Penned by Paul Caron, a law professor at the University of Cincinnati, this blog offers a diverse menu of industry news, event updates from coast to coast, and stories worth a second...

Senate to Consider Estate Tax Prepayment at Lower Rate

Posted on February 05, 2010
Wall Street Journal, Estate Tax Prepayment Option Eyed to Break Logjam in Senate, by Martin Vaughan: A proposal to allow wealthy people to prepay estate taxes while they are still alive, in exchange for a lower tax?rate, has caught the attention of Senate staff trying to craft a bipartisan, permanent...

NYU Hosts Conference Today on Rethinking the Taxation of the Financial Sector

Posted on February 05, 2010
NYU hosts a conference today on Rethinking the Taxation of the Financial Sector in Light of the Recent Crisis, organized by Doug Shackelford (North Carolina), Daniel Shaviro (NYU), and Joel Slemrod (Michigan). Here is the agenda: Session #1: The Basic Rules: Accounting, Regulation, and Taxation Accounting: Stephen Ryan (NYU), Douglas...

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Tax Analysts Hosts Conference Today on State Taxes on Internet Sales

Posted on February 05, 2010
Tax Analysts hosts a conference today on State Taxes on Internet Sales: Are "Amazon" Laws the Answer?: Please join us for a discussion about whether states should tax Internet or other kinds of remote sales, and if so, how. Should states pursue "Amazon" laws that New York and Rhode Island...

1L Angst

Posted on February 05, 2010

Dean Presents Compliance Spirals, Fiscal Arbitrage and Tax Deregulation Today at Indiana

Posted on February 04, 2010
Steven Dean (Brooklyn) presents Compliance Spirals, Fiscal Arbitrage and Tax Deregulation at Indiana-Bloomington today as part of its Tax Policy Colloquium Series organized by Ajay K. Mehrotra. Here is the abstract: Tax deregulation is a poorly understood but pervasive phenomenon...

Poll: Majority of Tax Filers Plan to Use Professional Help

Posted on February 04, 2010
H&R Block has commissioned a public opinion poll on taxes which found, among other things, that a majority of Americans planning to file 2009 tax returns will turn to profesisonal for help: tax preparers (33%) and CPAs (24%). An additional 15% will solicit the help of a family member or...

Devereaux Presents Taxation of Outbound Direct Investment Today at NYU

Posted on February 04, 2010
Michael P. Devereux (Oxford University, Said Business School) presents Taxation of Outbound Direct Investment: Economic Principles and Tax Policy Considerations, 24 Oxford Rev. Econ. Pol'y 698 (2008), at NYU today as part of its Colloquium Series on Tax Policy and Public Finance...

Van Zandt on Legal Education

Posted on February 04, 2010
Following up on this morning's post, Northwestern Dean: Law School Only Makes Economic Sense If You Go to a Top 70 School: Northwestern Dean David Van Zandt has posted several of his articles on legal education on SSRN: Building the Student Culture, 37 U...

WSJ: Families With $45k AGI Face 41% Marginal Tax Rate Under ObamaCare

Posted on February 04, 2010
Wall Street Journal op-ed, Another Obama Tax Hike: The Senate Health-Care Bill Would Raise Effective Marginal Tax Rates on Lower and Middle-Income Singles and Families up to 41%, by Douglas Holtz-Eakin (Former Director, Congressional Budget Office; Fellow, Council on Foreign Relations) & Alex Brill (American Enerprise Institute): [The Senate health...

Spicing Up the AALS Annual Meeting

Posted on January 31, 2010
As Brian Leiter polls faculty on seven ways to improve the AALS Annual Meeting, Tax Prof Bridget Crawford offers a different suggestion: a Profs Date service: I see a business opportunity in the legal academy. What if there was a ?profs date? database (a la J-Date, Match, eHarmony, etc...

What's Worse for a Law Grad: Cheating on Taxes or Writing Term Paper for $300?

Posted on January 31, 2010
Above the Law, Hard-Hitting Term Paper Exposé Costs Appellate Law Clerk His Job: In November, we told you about Damian Bonazzoli, who was ? at that time ? a senior staff attorney for the Massachusetts Appeals Court. He decided to make some money on the side by responding to a...

Call for Presentations: Teaching Law Practice Across the Currulicum

Posted on January 31, 2010
The Institute for Law Teaching and Learning has issued a Call for Presentations for its annual summer conference, Teaching Law Practice Across the Currulicum: The Institute for Law Teaching and Learning invites proposals for conference workshops on techniques for teaching law practice across the law school curriculum...

Publication Study of Faculty at Non-Top 50 Law Schools

Posted on January 31, 2010
Roger Williams University School of Law has updated its per capita publication study of the faculties at law schools ranked 51 or lower by U.S. News (as well as the New England law schools). The study covers the 1993-2009 period and uses methodology developed by Brian Leiter, with one change:...

Top 5 Tax Paper Downloads

Posted on January 31, 2010
There is a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads, with a new paper debuting on the list at #5: 1. [299 Downloads] The Regulatory Systems for Employee Benefits, by Brian A. Benko (McDermott Will & Emery, Washington, D...

Medical Residents and the Student FICA Exception

Posted on January 30, 2010
Patrick Timothy Rowe (J.D. 2010, Washington & Lee) has published Note, The Impossible Student Exception to FICA Taxation and Its Applicability to Medical Residents, 66 Wash. & Lee L. Rev. 1369 (2009). Here is part of the Introduction: This Note will address the unique characteristics of, and current tensions between,...

GAO Issues Report on New Markets Tax Credit

Posted on January 30, 2010
The Government Accountability Office yesterday released New Markets Tax Credit: The Credit Helps Fund a Variety of Projects in Low-Income Communities, but Could Be Simplified (GAO-10-334): The Treasury Department?s Community Development Financial Institutions (CDFI) Fund awarded $26 billion in New Markets Tax Credits (NMTC) through 2009 for investment in low-income...

Aliens and 'Taxation Without Representation'

Posted on January 30, 2010
Erin E. Stefonick (J.D. 2008, Florida Coastal) has published Note. The Alienability of Alien Suffrage: Taxation Without Representation in 2009, 10 Fla. Coastal L. Rev. 691 (2009). Here is part of the Introduction: Individuals seeking admission to the United States presently face more economic difficulty than ever before...

Joint Tax Committee Releases List of Expiring Federal Tax Provisions, 2009-2020

Posted on January 30, 2010
The Joint Committee on Taxation yesterday released List of Expiring Federal Tax Provisions 2009-2020 (JCX-3-10): This document, prepared by the staff of the Joint Committee on Taxation, provides a listing of Federal tax provisions (other than those providing time-limited transition relief after the repeal of an underlying rule) that are...

Subscribing to TaxProf Blog

Posted on January 30, 2010
We offer two ways for you to have TaxProf Blog content automatically delivered to your computer, cell phone, or mobile device, as explained in the left column of the blog under the banner, "Subscribe to TaxProf Blog Via RSS Feed or Email": RSS Feeds: You can subscribe to one of...

David Weisbach Spurns Yale Offer to Remain at Chicago

Posted on January 29, 2010
Brian Leiter reports that David A. Weisbach, the Walter J. Blum Professor of Law and Kearney Director of the Program in Law and Economics at the University of Chicago Law School who spent the Fall 2009 semester at Yale Law School as the Maurice R. Greenberg Visiting Professor of Law,...

Bags Fly (Tax) Free

Posted on January 29, 2010
The IRS has ruled that the airlines are not subject to tax on the $1.76 billion to be received this year in baggage fees: Priv. Ltr. Rul. 2010-02-004 (Sept. 28, 2009) Bloomberg, U.S. Airlines? Baggage-Fee Revenue Isn?t Taxable, IRS Rules Wall Street Journal, IRS Says Airline Fees For Checked Bags...

UNC Tax Symposium Kicks Off Today

Posted on January 29, 2010
The two-day 13th Annual UNC Tax Symposium kicks off today at the University of North Carolina Kenan-Flagler Business School. Here are the papers to be presented at the symposium: Dan Amiram (UNC) & Mary Margaret Frank (Virginia), The Effects of the Taxation of Dividends on the Allocation of Foreign Portfolio...

IRS Faces Challenges to Meet 80% e-Filing Goal

Posted on January 29, 2010
The IRS Oversight Board yesterday released its Electronic Filing 2009 Annual Report to Congress, reporting that the IRS faces many challenges to meet its 80% electronic filing goal by 2012.

California Man Pleads Guilty to Filing 250 Tax Returns for Dead People, Claiming $2m in Refunds

Posted on January 29, 2010
From a Department of Justice press release: Haroon Amin of Upland, Calif., pleaded guilty Monday to conspiracy to defraud the United States ... In December 2008, Amin and Ather Ali of Diamond Bar, Calif., were indicted by a federal grand jury in Riverside, Calif...

Should Law Schools 'Gross Up' Pay for Taxes on Benefits to Gay & Lesbian Faculty?

Posted on January 29, 2010
Inside Higher Ed, 'Grossing Up': Equity or Bias?: Syracuse University may be on the cutting edge of promoting equity for its gay and lesbian employees. Some of the university's straight employees, however, say Syracuse needs to focus its limited funds on benefits for everyone -- and recognize that it can't...

University of California to Start San Diego Law School?

Posted on January 29, 2010
San Diego Union-Tribune, UCSD Looking at a Law School; The University Is Exploring its Options With Cal Western: The University of California San Diego has revived a decades-old plan to establish a law school through a partnership with California Western School of Law...

Hong Kong Hosts Conference Today on Green Taxation in East Asia

Posted on January 29, 2010
The Taxation Law Research Programme (TLRP) of the Asian Institute of International Financial Law, Faculty of Law, University of Hong Kong hosts a conferemce today on Green Taxation in East Asia: Problems and Prospects. Tax Prof speakers include: Art Cockfield (Queens University) David Duff (University of British Columbia) Janet Milne...

Death of Two Heiresses Highlights Absurdity of Estate Tax Repeal

Posted on January 29, 2010
Daily Finance, Casey Johnson and Ruth Lilly: A Tale of Two Heiresses, Tax Loopholes, and Tequila, by Sarah Weinman: At first blush, Casey Johnson and Ruth Lilly, who died within days of each other around the new year, could hardly have been more different...

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