Paul L. Caron
Dean
Pepperdine Caruso
School of Law
2013
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Top 5 Tax Paper Downloads
There is a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads on SSRN, with a new paper debuting on the list at #5: 1. [486 Downloads] Why Tax Revenues Must Rise, by Edward D. Kleinbard (USC) 2. [306 Downloads] Federal Tax Crimes, by John A. Townsend (Houston) 3. [286 Downloads] Occupy the Tax Code:…
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Replacing the Corporate Income Tax With a Value-Added Tax
Charles C. Engel, II (J.D. 2013, Indiana), Note, Revisiting the Value Added Tax: A Clear Solution to the Murky United States Corporate Tax Structure, 22 Ind. Int'l & Comp. L. Rev. 347 (2012): As a preliminary issue, this Note examines the complicated and disadvantageous corporate tax structure currently employed in the United States. It then…
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Survey for Contracts Professors
The Washington Law Review is preparing to host a print symposium in December 2013 on the exciting new book, Contracts in the Real World: Stories of Popular Contracts and Why They Matter, by Prof. Lawrence A. Cunningham of George Washington University (published by Cambridge University Press in 2012). This innovative text embraces a modern, narrative approach to contract law, exploring how cases…
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Minnesota Department of Revenue Warns Taxpayers: Don’t Use TurboTax
Minneapolis Star Tribune: Don't Use TurboTax, Minnesota Department of Revenue Warns Taxpayers: Citing "multiple issues with the products", the Minnesota Department of Revenue issued a crisp statement today urging tax filers to avoid using Intuit products to prepare or file their state income taxes. The products include TurboTax, Lacerte, Intuit online and ProSeries. The state…
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NLJ: Two Law Schools Offer Money-Back Guarantee to Students
National Law Journal: Two Law Schools Offer a Money-Back Guarantee — With Strings Attached, by Karen Sloan: Can't pass the bar exam? Here's a $10,000 refund. Two law schools are experimenting with refund programs for graduates who don't pass the bar examination after two tries, provided they complete a rigorous set of bar preparation courses…
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312,000 Federal Workers Owe $3.5 Billion in Back Taxes, Up 11.5% From Prior Year
311,566 federal workers and retirees owed more than $3.5 billion in back income taxes in 2011 (up from $3.4 billion in 2010, $3.3 billion in 2009, $3.0 billion in 2008, and $2.7 billion in 2007). Accounting Today, Tax-Delinquent Federal Employees and Retirees Increased 11.5% in 2011 Bloomberg, Number of Tax-Delinquent Government Workers Up 11.5% Fox News, Federal Workers…
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Infanti Presents LGBT Families, Tax Nothings at Iowa
Anthony C. Infanti (Pittsburg) presented LGBT Families, Tax Nothings at the University of Iowa College of Law on Thursday as part of the Journal of Gender, Race & Justice symposium on Modern Families: Changing Families, Challenging Laws: The federal tax laws have never been friendly territory for LGBT families. Before the enactment of the federal…
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NY Times: To Place Graduates, Law Schools Are Opening Firms
New York Times: To Place Graduates, Law Schools Are Opening Firms: Arizona State is setting up [a nonprofit law firm] this summer for some of its graduates. Over the next few years, 30 graduates will work under seasoned lawyers and be paid for a wide range of services provided at relatively low cost to the…
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Bloomberg: Offshore Cash Hoard Expands by $183 Billion at Companies
Bloomberg: Offshore Cash Hoard Expands by $183 Billion at Companies, by Richard Rubin: The largest U.S.-based companies expanded their untaxed offshore stockpiles by $183 billion in the past year, increasing such holdings by 14.4%, according to data compiled by Bloomberg. Microsoft, Apple, and Google each added to their non-U.S. holdings by more than 34% as…
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ABA Tax Section Names 2013 Nolan Fellows
The ABA Tax Section has announced the recipients of its 2013 Nolan Fellowships: Christina M. Crockett (Hunton & Williams, McLean, VA) Cynthia Kahl (IRS, San Francisco, CA) Sean J. Norton (Pine Tree Legal Assistance, Portland, ME) Matthew R. Sontag (KPMG, Washington, D.C.) Samuel P. Weiler (Ernst & Young, Columbus, OH) Zhanna A. Ziering (Caplin & Drysdale,…
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ObamaCare Tax Increases Are Double Original Estimate
Following up on Tuesday’s post, House Holds Hearing Today on The Tax-Related Provisions in the President’s Health Care Law: Tax Foundation, Obamacare Tax Increases Will Impact Us All: The Joint Committee on Taxation recently released a 96 page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases…
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Tax Bite Leaves Joe Flacco Only the Second Highest Paid NFL Player
Americans for Tax Reform: Tax Bite Leaves Flacco Second Best Paid in NFL: As reported this week, Super Bowl MVP Joe Flacco and the Baltimore Ravens have agreed to a six-year, $120.6 million contract making the star quarterback the highest-paid player in NFL history, earning an estimated $20.1 million per year. But being the “highest…
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IRS Ramps Up Hunt for Offshore Tax Cheats
Accounting Today, Swiss Bank Wegelin to Pay $58M for Conspiring to Evade Taxes Bloomberg, Wegelin Must Pay $58 Million in U.S. Tax Prosecution Forbes (Janet Novack), IRS Yanks Criminal Amnesty Deal From Taxpayers With Secret Bank Leumi Accounts Forbes (Robert W. Wood), Swiss Bank's Tax Evasion Sentence Is Really Death New York Times, Wegelin Ordered…
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Dean Renews Call for Charter Law Schools
Following up on my previous post: Above the Law: Why the ABA Is Resistant to Change, by David Yellen (Dean, Loyola-Chicago): The ABA should also consider drawing from the charter school experience. Charter schools receive significant relief from regulatory rules in exchange for being closely evaluated based upon a set of agreed-upon goals. The Section…
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Galle: Carrots, Sticks, and Salience
Brian D. Galle (Boston College), Carrots, Sticks, and Salience, 66 Tax L. Rev. ___ (2013): This Article considers the second-best design of Pigouvian taxes and subsidies in the presence of agents who are imperfectly aware of the instrument. Until very recently, the price instrument literature has assumed perfect rationality, and even the handful of prior…
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Tax Practice Declined in 2012
Following up on last week’s post, The Legal Profession and Legal Education: Is It Time to Burn the Ships?: Georgetown Center for the Study of the Legal Profession, Report on the State of the Legal Market:
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Call for Tax Papers: ClassCrits VI
ClassCrits VI has issued a Call for Papers and Participation for a conference on Stuck in Forward? Debt, Austerity and the Possibilities of the Political to be held at Southwestern Law School on November 15-16, 2013: The theme of this year’s workshop–the sixth meeting of ClassCrits–is debt, austerity and the possibilities of the political. The…
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Dorothy Brown Named Associate Vice Provost at Emory
Dorothy Brown was appointed on March 1 to a three-year term as Associate Vice Provost for Academic Affairs at Emory University: In addition to her regular teaching duties, she will report to the Provost and Executive Vice President and work on issues surrounding faculty career trajectories, including promotion and tenure practices within and across academic…
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Manoli Presents The Earned Income Tax Credit Goes to College Today at UCLA
Day Manoli (UCLA, Department of Economics) presents The EITC Goes to College: Evidence Based on Income Tax Data and Policy Nonlinearities at UCLA today as part of its Tax Policy and Public Finance Colloquium hosted by Jason Oh and Kirk Stark: This paper presents new evidence on the effects of disposable income (cash-on-hand) on college…
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Sheffield Presents Spinoffs, Corporate Capital Structure, and Disguised Sales Today at Northwestern
Jeffrey T. Sheffield (Northwestern) presents Spinoffs, Corporate Capital Structure, and Disguised Sales, 91 Taxes 119 (Mar. 2013), at Northwestern today as part of its Advanced Topics in Taxation Colloquium Series hosted by Herbet Beller, Thomas Brennan, David Cameron, Philip Postlewaite, and Robert Wootton: The IRS is currently studying under what circumstances a distributing corporation (P)…
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Luke Presents The Scope of the Codified Economic Substance Doctrine Today at Indiana
Charlene Luke (Florida) presents The Relevance Games: Congress’s Choices for Economic Substance Gamemakers, 65 Tax Law. ___ (2013), at Indiana today as part of its Tax Policy Colloquium hosted by Leandra Lederman: The main textual hint as to the intended scope of the codified economic substance doctrine is ambiguous. It provides “The determination of whether…
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IRS Releases Winter 2013 SOI Bulletin
The IRS's Statistics of Income Division yesterday released (IR-2013-26) the Winter 2013 SOI Bulletin (Vol. 32, No. 3), with these articles: Individual Income Tax Returns, Preliminary Data, 2011 (p. 4), by Jessica Holland & Michael Parisi Individual Income Tax Rates and Shares, 2010 (p. 18), by Adrian Dungan & Michael Parisi Individual Noncash Charitable Contributions,…
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Fleischer: The Tax Benefits of Working in the Office Rather Than at Home
New York Times DealBook: The Benefits of Working in the Office, by Victor Fleischer (Colorado): Yahoo’s chief executive, Marissa Mayer, inspired much debate and rebuke when she recently abolished Yahoo’s work-at-home policy. In academia, “working from home” is a treasured euphemism for heading home after your morning class to have lunch, read the newspaper and…
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Lande: Reforming Legal Education to Produce Practice-Ready Lawyers
John Lande (Missouri-Columbia), Reforming Legal Education to Prepare Law Students Optimally for Real-World Practice, 2013 J. Disp. Resol. ___: This article synthesizes major points in the October 2012 symposium of the University of Missouri School of Law Center for the Study of Dispute Resolution, entitled Overcoming Barriers in Preparing Law Students for Real-World Practice. There…
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Deductibility of ‘Making It Rain’ Payments
TMZ: Jim Jones, The Game, Bizzy Bones: Deducting Making-It-Rain $$$ is Legit!!!: Rapper Jim Jones is figuring out how to deal with Uncle Sam next month, and he’s considering deducting expenses on his income tax for making it rain. Well guess what, in theory he might have a fighting chance of winning. Jones is not…