Taxation & Estate Planning

Fleischer Presents Distributive Justice and Charitable Tax Subsidies Today at Loyola-L.A.

Posted on September 14, 2009
Miranda P. Fleischer (Colorado) presents Theorizing the Charitable Tax Subsidies: The Role of Distributive Justice at Loyola-L.A. today as part of its Tax Policy Colloquium Series. Ellen P. Aprill (Loyola-L.A.) is the commentator. Here is the abstract: Distributive justice plays a starring role in many fundamental tax policy debates, from...

Proposed § 104 Regs Eliminate Requirement That Damages be Based on "Tort or Tort Type Rights"

Posted on September 14, 2009
The IRS today released proposed § 104 regulations: This document contains proposed regulations relating to the exclusion from gross income for amounts received on account of personal physical injuries or physical sickness. The proposed regulations reflect amendments under the Small Business Job Protection Act of 1996...

Joint Tax Committee Releases Description of International Tax Aspects of Obama's FY 2010 Budget

Posted on September 14, 2009
The Joint Committee on Taxation today released Description of Revenue Provisions Contained in the President?s Fiscal Year 2010 Budget Proposal -- Part Three: Provisions Related to the Taxation of Cross-Border Income and Investment (JCS-4-09). Prior releases: Part One: Individual and Estate and Gift Tax Part Two: Business Tax

Kentucky Seeks to Hire Tax Prof

Posted on September 14, 2009
The University of Kentucky College of Law seeks to fill an entry-level tenure-track faculty position to begin Fall 2010 in a variety of fields, including tax. Applications (letter of application and CV) may be sent to Eugene R. Gaetke, Chair, Faculty Appointments Committee.

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Taxing Big Banks to Account for Systemic Risk

Posted on September 14, 2009
In today's Wall Street Journal, BIS Advises Higher Taxes For Big Banks: Big banks' risks to the system increase more than proportionately with their size, and these financial giants should pay higher taxes to offset their potential threats to the system, a new study by the Bank for International Settlements...

Call for Applicants: Graduate Student Workshop on the New Fiscal Sociology

Posted on September 14, 2009
The Graduate Student Workshop on the New Fiscal Sociology has issued a Call for Applicants: In recent years, scholars from a variety of disciplines have embarked on an innovative wave of multidisciplinary research on the social and historical sources and consequences of taxation...

U.S. News Economic Diversity Rankings

Posted on September 13, 2009
U.S. News & World Report has released an Economic Diversity Ranking of colleges and universities, as measured by the percentage of undergraduate students receiving Pell Grants. Here is the Economic Diversity Ranking of the Top 25 National Universities (along with their overall U...

Tower Posts Tax Papers on SSRN

Posted on September 13, 2009
Ralph B. Tower (Wake Forest University, School of Business and Accountancy) has posted several of his tax papers on SSRN: Tax Credits: Their Critical Role in Comprehensive Tax Reform, 121 Tax Notes 460 (Oct. 27, 2008) Cloning Complexity: Alternate Taxes and the Federal-State Relationship, 47 State Tax Notes 773 (Mar...

Top 5 Tax Paper Downloads

Posted on September 13, 2009
This week's list of the Top 5 Recent Tax Paper Downloads is the same as last week's: 1. [339 Downloads] Ghosts of 1932: The Lost History of Estate and Gift Taxation, by Jeffrey A. Cooper (Quinnipiac) 2. [286 Downloads] A Tale of Two Codes: An Empirical Analysis of the Jurisprudence...

Ford Plots to Preserve $19b Tax Loss

Posted on September 13, 2009
Bloomberg, Ford Deploys Plan to Keep $19 Billion in Tax Benefits, by Keith Naughton: Ford Motor Co. is seeking to make it harder for investors to own 5 percent or more of its stock to protect $19 billion in tax breaks built up since at least 2003. Ford ...

Karjala Posts Tax Papers on SSRN

Posted on September 12, 2009
Dennis S. Karjala (Arizona State) has posted several of his business and tax papers on SSRN: Planning Problems in the Limited Liability Company, 73 Wash. U. L.Q. 455 (1995) An Analysis of Close Corporation Legislation in the United States, 21 Ariz. St...

Institute Releases The Role of Rankings in Higher Ed Policymaking

Posted on September 12, 2009
The Institute for Higher Education Policy has released The Role and Relevance of Rankings in Higher Education Policymaking. Here is part of the Executive Summary: Debates over the use of college rankings are often framed in binaries: ardent advocates versus outright rejectionists, rankers versus rankees...

Fact-Checking the Tax Treatment of Cash for Clunkers

Posted on September 12, 2009
Following up on my previous posts: Tax Clunkers (Aug. 26, 2009) Tax for Clunkers (Continued) (Aug. 28, 2009) FactCheck.org asks "Clunkers" Credits Taxable?: Q: Will the "Cash for Clunkers" credits be taxed as income for consumers who participated in the program? A: The act establishing the program prohibits the credit...

Should Casebook Authors Give a Rebate to Their Students?

Posted on September 12, 2009
I previously blogged the 2005 New York Times op-ed by Ian Ayres (Yale), responding to the conflict of interest faced by professors who adopt their own books in their classes by suggesting that professors rebate back to students their royalties on the book...

Linda Stiff Retires From IRS

Posted on September 11, 2009
Dow Jones reports that Linda Stiff is retiring as Deputy Commissioner for Services and Enforcement after thirty years at the IRS. She will be succeeded by Steven T. Miller, currently Commissioner of the Large and Midsize Business Division. Ms. Stiff served as Acting Commissioner of the IRS for seven months...

Osgoode Hall Hosts Conference Today on Tax Expenditures and Public Policy in Comparative Perspective

Posted on September 11, 2009
Osgoode Hall Law School kicks off a two-day conference today on Tax Expenditures and Public Policy in Comparative Perspective. Speakers include: Benjamin Alarie (Toronto) Lily Batchelder (NYU) Kim Brooks (McGill) Neil Brooks (Osgoode Hall) Dorothy A. Brown (Emory) Neil Buchanan (George Washington) Charlotte Crane (Northwestern) David Duff (British Columbia) Timothy...

Paul Weiss's Alfred Youngwood Receives Distinguished Leader Award

Posted on September 11, 2009
Paul Weiss tax partner Alfred D. Youngwood has received The American Lawyer's Law Firm Distinguished Leader Award: When Alfred Youngwood became the first democratically elected chairman of Paul, Weiss, Rifkind, Wharton & Garrison in 1999, the firm was going through an anxious transition...

An Empirical Investigation of Law School Grads that Fail the Bar

Posted on September 11, 2009
Jane Yakowitz (UCLA) has posted The Marooned Law School Graduates: An Empirical Investigation of Law School Graduates that Fail the Bar Exam on SSRN. Here is the abstract: What happens to law school graduates that fail the bar exam? This invisible population makes up a significant portion of the graduating...

Home Office Deduction Trips Up Treasury Department Nominee

Posted on September 11, 2009
Wall Street Journal, Tax Inquiry Delays Pick by Obama at Treasury, by Martin Vaughan: President Barack Obama's nominee for the top international post at the Treasury Department has been sidetracked by a Senate committee's investigation into her personal tax returns...

Lederman Presents W(h)ither Economic Substance? Today at San Diego

Posted on September 11, 2009
Leandra Lederman (Indiana-Bloomington) presents W(h)ither Economic Substance? at San Diego today as part of its Tax Law Speaker Series. Here is the abstract: Abusive transactions that claim inappropriate tax benefits are a perennial problem, but they are particularly distressing in a weak economy...

Johnston: NYT, WSJ Skew Income Concentration Data

Posted on September 11, 2009
Following up on three recent posts: WSJ: Income Gap Shrinks in the U.S. (Sept. 10, 2009) NY Times: Rise of the Super-Rich Hits a Sobering Wall (Aug. 22, 2009) Saez: New Income Concentration Data (Aug. 15, 2009) David Cay Johnston has published Wrongheaded and Incomplete on Incomes: The Wall Street...

Ryznar: The Tax Disincentives for Married Women

Posted on September 11, 2009
Margaret Ryznar (Law Clerk to Myron H. Bright, U.S. Court of Appeals for the Eighth Circuit) has posted To Work, or Not to Work? The Immortal Tax Disincentives for Married Women, 13 Lewis & Clark L. Rev. ___ (2009), on SSRN. Here is the abstract: Among the most fundamental barriers...

Florida Hosts Symposium Today on International Tax

Posted on September 11, 2009
The University of Florida Graduate Tax Program today hosts the Fifth Annual International Taxation Symposium. Here are the speakers and their topics: John F. Avery Jones, Understanding the OECD Model Tax Convention: The Lessons of History Irene J.J. Burgers (University of Groningen, The Netherlands), The New OECD Approach on Profit...

ACORN Gives Tax Advice to Prostitute

Posted on September 11, 2009
Transcript Associated Press CNN Fox News

Updated Legal Educator Blog Census

Posted on September 10, 2009
Colin Miller (John Marshall) of our sister EvidenceProf Blog has updated his 2009 Legal Educator Blog Census: Blog/Blogger Statistics New Blogs/Bloggers Alphabetical Blog Listing Blogs by Law School: A-M Blogs by Law School: N-Z There are 585 bloggers at U...

Joint Tax Committee Releases Tax Reports

Posted on September 10, 2009
The Joint Committee on Taxation yesterday released: Description of Revenue Provisions Contained In the President?s Fiscal Year 2010 Budget Proposal Part Two: Business Tax Provisions (JCS-3-09) Oil And Gas Tax Provisions: A Consideration Of The President?s Fiscal Year 2010 Budget Proposal (JCX-34-09)

GAO: Employee v. Independent Contractors

Posted on September 10, 2009
The Government Accountability Office yesterday released Employee Misclassification: Improved Coordination, Outreach, and Targeting Could Better Ensure Detection and Prevention: When employers improperly classify workers as independent contractors instead of employees, those workers do not receive protections and benefits to which they are entitled, and the employers may fail to pay...

SOI Releases Two New Studies

Posted on September 10, 2009
The IRS's Statistics of Income Division has released Tax Stats 2009-19, with two new studies: Tax Year 2006 Private Foundations and Nonexempt Charitable Trusts Data Tax Year 2006 Exempt Organization Data

Law Prof Charged With Tax Evasion Claims ADD as Defense

Posted on September 10, 2009
From Jonathan Turley (George Washington): Minnesota prosecutors have charged Hamline University professor Robin Magee with 11 felony counts for failing to file tax returns and filing false returns. In addition to to criminal law, tax law is one of Magee?s specialties and she also practices as a tax lawyer...

California Commission on the 21st Century Economy Holds Final Public Meeting Today

Posted on September 10, 2009
The California Commission on the 21st Century Economy holds its final meeting today at UCLA to consider the Tax Structure Options prepared by its staff. Yesterday, the commission released a spate of documents: Description of the Tax Packages Descriptive Information about the Proposed Changes to the Personal Income Tax Updated...

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