Author: Paul Caron
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Judge Dismisses Claim by Unsuccessful Iowa Legal Writing Faculty Candidate Alleging Discrimination Due to Her Conservative Views
I previously blogged the lawsuit filed by Teresa R. Wagner, Associate Director of the University of Iowa College of Law Writing Resource Center, against the school and Dean (and Tax Prof) Carolyn Jones, claiming that she was twice rejected for a legal writing faculty position because of her conservative political views. Today's National Law Journal reports: The University of
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Cauble: Harvard, Hedge Funds, and Tax Havens: Reforming the Tax Treatment of Investment Income Earned by Tax-Exempt Entities
Emily L. Cauble (Illinois) has posted Harvard, Hedge Funds, and Tax Havens: Reforming the Tax Treatment of Investment Income Earned by Tax-Exempt Entities, 29 Va. Tax Rev. ___ (2010), on SSRN. Here is the abstract: Educational endowments, private employer-sponsored pension plans, and other tax-exempt organizations (collectively, “tax-exempt entities”) invest a substantial amount of capital in
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Cohen: A U.S. Tax Law Perspective on Brummeria
Stephen B. Cohen (Georgetown) has posted Does Brummeria Sweep Clean?: A U.S. Tax Law Perspective, 126 S. Afr. L.J. ___ (2010), on SSRN. Here is the abstract: In Commissioner for the South African Revenue Service v. Brummeria Renaissance Ltd., South Africa’s Supreme Court of Appeal held that an interest-free loan produces taxable income for the
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NCAA Basketball Tournament, by Research Productivity of Accounting Faculty
Following up on my previous post, Accounting Doctoral Program Rankings Based on Research Productivity of Program Graduates: Caleb Newquist reproduced this NCAA Men's Basketball Tournament Bracket from David A. Wood (Brigham Young University, School of Accountancy), based on the schools' research productivity of their accounting faculty:
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Is the U.S. Undertaxed?
N. Gregory Mankiw (Harvard University, Department of Economics), Taxes per Person: Some pundits, reflecting on the looming U.S. budget deficits, claim that Americans are vastly undertaxed compared with other major nations. I was wondering, to what extent is that true? The most common metric for answering this question is taxes as a percentage of GDP. However, high tax rates tend
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Shackelford Presents Capital Gains Taxes and the Return-Risk Tradeoff Today at NYU
Douglas A. Shackelford (University of North Carolina-Chapel Hill, Kenan Flagler Business School) presents Capital Gains Taxes and the Return-Risk Tradeoff (with Zhonglan Dai (University of Texas-Dallas, School of Management) & Harold H. Zhang (University of Texas-Dallas, School of Management)) at NYU today as part of its Colloquium Series on Tax Policy and Public Finance. The co-convenors of
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Brooks Presents The Case of Business Improvement Districts Today at UCLA
Leah Brooks (University of Toronto, Department of Economics) presents The Micro-Empirics of Collective Action: The Case of Business Improvement Districts (with William C. Strange, University of Toronto, Rotman School of Managementat) at UCLA today as part of its Tax Policy and Public Finance Colloquium Series hosted by Steven Bank and Kirk Stark. Here is the abstract: This paper carries out
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Implementation Schedule of Health Care Tax Increases, 2010-2018
Journal of Accountancy, Health Care Reform Reshapes Tax Code: Implementation Schedule 2010 Adoption credit increaseAdoption-assistance program increaseTanning excise tax 2011 Small business tax creditPrescription drug coverage deduction eliminatedW-2 reportingSIMPLE cafeteria plansRestrictions on use of HSA and FSA funds for over-the-counter drugsTax on HSA distributions increase 2012 1099s required for payments to corporationsAdoption credit sunsetAdoption-assistance
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CBPP: Let the Bush Tax Cuts Expire on Schedule
The Center on Budget and Policy Priorities today released High-Income Tax Cuts Should Expire on Schedule Extending Tax Cuts for One of Two Years or Exempting “Small Business” Income Would Be Ill-Advised: Allowing the 2001 and 2003 tax cuts for couples making over $250,000 (and singles over $200,000) to expire on schedule on December 31
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LexisNexis Publishes Regulation of Tax Practice
On behalf of LexisNexis and the Graduate Tax Series Board of Editors (Ellen Aprill (Loyola-L.A.), Elliott Manning (Miami), Philip Postlewaite (Northwestern) & David Richardson (Florida)), I am delighted to announced the publication of Regulation of Tax Practice, by Linda Galler (Hofstra) & Michael B. Lang (Chapman). The Graduate Tax Series is the first and only
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ABA Tax Section Seeks to Hire a Pro Bono Staff Counsel
The ABA Tax Section is looking to hire a Pro Bono Staff Counsel to work in the Washington, D.C. staff office: The Tax Section’s Pro Bono Staff Counsel works with the Section’s Pro Bono Committee to coordinate efforts to provide service to the pro bono tax assistance community and individual taxpayers. As such, he/she assists in providing
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Loyola-L.A. Retroactively Inflates Grades
Above the Law, Loyola Law School (L.A.) Retroactively Inflates Grades: We reported in November that Loyola Law School of Los Angeles was thinking about artificially raising grades. In response to the terrible economy, the school has acted on the proposal. Here’s the opening line of the message from Loyola Law Dean Victor Gold: Last week
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TRAC Issues Annual Report on IRS Operations
From the Transactional Records Access Clearinghouse at Syracuse University: The latest information about U.S. taxpayer returns is now available on TRAC's web site. New this year is a powerful app that makes it much easier to browse through extensive information on the constantly shifting kinds of income flowing to taxpayers in the fifty states and
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Celebrity Tax Troubles
Marion Barry, former Washington, D.C. mayor, IRS tax lien for $15,257 Mel Blount, former Pittsburgh Steeler, IRS tax liens for $652,000 Faith Evans, singer, IRS tax liens for $156,181; New Jersy tax lien for $204,000 Corey Feldman, actor, IRS tax lien for $30,996 Emanuel Steward, boxing trainer, IRS tax lien for $38,140
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The Office — IRS Edition
Following up on my prior post: tax fans of NBC's The Office will be happy to learn that the writer (Brent Forrester) is working on a new workplace comedy show for Fox set in an IRS district office in Fresno, California — Tax Man. The show is being produced by Ron Howard and directed by Fred Savage and will star:
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Johnston: Delaware Incomplete Nongrantor Trusts Scream ‘Chutzpah’
David Cay Johnston has published Getting Dinged by the DING, 126 Tax Notes 1655 (Mar. 29, 2010). Here is the abstract: In this article, Johnston examines a Delaware asset protection trust that lets wealthy residents of some other states enjoy income free of state-level taxes. All Tax Analysts content is available through the LexisNexis® services.
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WSJ: Will a Tax LL.M. Cleanse a 4th Tier, Bottom of the Class J.D.?
The Wall Street Journal Law Blog picks up on my post yesterday, Will a Tax LL.M. Cleanse a 4th Tier, Bottom of the Class J.D.?: Let us say that the title to the post is not our own — it’s the verbatim title of a nice post by University of Cincinnati Law School tax professor
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An Empirical Study of Race and Law School Hiring
Ming M. Zhu (J.D. 2009, Harvard; Law Clerk to Harry T. Edwards, U.S. Court of Appeals for the D.C. Circuit) has posted An Empirical Study of Race and Law School Hiring on SSRN. Here is the abstract: Does race matter in the law school hiring process? Do minority candidates benefit from affirmative action or are they hurt
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Call for Participants: 5th Annual Junior Tax Scholars’ Workshop
The fifth annual Junior Tax Scholars' Workshop will be held this year at Notre Dame Law School from the evening of Thursday, June 10th through Saturday, June 12th. The workshop is an opportunity for junior tax faculty to meet each other and to present works-in-progress in a supportive environment. All participants present a work-in-progress, are
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Private Colleges Give 53.5% Discount Off Advertised Tuition Rate
Inside Higher Ed, Slashing Prices: Tuition discounting reached record high levels at private colleges and universities in 2008, and the largest share of that aid was awarded without consideration of students’ financial need, according to a report released Tuesday the National Association of College and University Business Officers (NACUBO). The average discount rate for full-time
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Polsky: Deterring Tax-Driven Partnership Allocations
Gregg Polsky (Florida State; moving to North Carolina) has posted Deterring Tax-Driven Partnership Allocations on SSRN. Here is the abstract: How to allocate a partnership’s tax items is the most fundamental issue in subchapter K of the Internal Revenue Code, which governs the taxation of limited liability companies, limited liability partnerships, limited partnerships, general partnerships,
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ABA Tax Section Webcast Today on The Economic Substance Doctrine
The ABA Tax Section offers a teleconference and webcast today on The Economic Substance Doctrine from 1:00 – 2:30 p.m. EST: The new health care legislation contains a codification or "clarification" of the economic substance doctrine. This teleconference will examine what the new statutory language says and how it came about. The panelists will also review recent case law,
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Former Arnold & Porter Tax Partner Gets Three Years Probation in Tax Shelter Case
Former Arnold & Porter tax partner Peter Cinquegrani was sentenced Tuesday to three years probation following his guilty plea to marketing fraudulent tax shelters. He was disbarred last year. ABA Journal Bloomberg JD Journal New York Law Journal Reuters