Author: Paul Caron
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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, with a new paper debuting on the list at #5: 1. [477 Downloads] Ten Estate Planning Advantages of Limited Liability Companies, by Paul L. Caron (Cincinnati) 2. [365 Downloads] Foreign Bank Accounts — FBAR Reporting Obligations, Enforcement Exposures and Managing the Risk: What
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President Obama Makes Two Tax Recess Appointments
President Obama yesterday made 15 recess appointments: Michael F. Mundaca: Assistant Secretary for Tax Policy, Treasury DepartmentMichael F. Mundaca currently is Senior Advisor for Policy within the Treasury Department's Office of Tax Policy and the Acting Assistant Secretary for Tax Policy. Mr. Mundaca served in the Treasury Department during the Clinton Administration and returned to the Treasury Department
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Students Who Visit College on a Cloudy Day Are More Likely to Enroll
Uri Simonsohn (University of Pennsylvania, Wharton School) has published Weather To Go To College, 120 Econ. J. 270 (2009). Here is the abstract: Does current utility bias predictions of future utility for high stakes decisions? Here I provide field evidence consistent with such Projection Bias in one of life’s most thought-about decisions: college enrolment. After arguing
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Bank of America, Wells Fargo to Pay Zero 2009 Federal Income Tax
Charlotte Observer, Bank of America, Wells Fargo Probably Won't Pay Income Tax for 2009: This tax season will be kind to Bank of America and Wells Fargo: It appears that neither bank will have to pay federal income taxes for 2009. Bank of America probably won't pay federal taxes because it lost money in the
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Feuer: A Former Spouse’s Right to Employee Benefits
Albert Feuer (Law Offices of Albert Feuer, Forest Hills, NY) has posted Who is Entitled to Life Insurance Benefits and Top-Hat Benefits from an ERISA Plan Following a Divorce or a Marital Separation?, NYSBA Family L. Rev. Newsletter, Vol. 41, No. 3, p. 10, Winter 2009. Here is the abstract: The extent, if any, to which a
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Tax Lawyer Staged Suicide to Look Like Murder
Alabama tax lawyer Major Bashinsky (Tax LL.M., Florida), 63, son of the late CEO of Golden Flake Snack Foods, staged his own suicide to make it look like he had been abducted and murdered. ABA Journal ABC News Associated Press Birmingham News CBS News Huffington Post NBC News
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Saturday at the IRS
More than 180 local IRS ofices are open today from 9 a.m. to 2 p.m to help taxpayers complete their 2009 tax returns. From the IRS press release: “We are holding these special open houses to give taxpayers who are struggling in these difficult economic times more opportunity to work directly with IRS employees to
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Tax Articles in The Urban Lawyer
Lauren Ashley Smith (J.D. 2010, Washington University), Alternatives to Property Tax Increment Finance Programs: Sales, Income, and Nonproperty Tax Increment Financing, 41 Urb. Law. 705 (2009) Philip J.F. Geheb (Husch Blackwell Sanders, St. Louis), Tax Increment Financing Bonds as "Debt" Under State Constitutional Debt Limitations, 41 Urb. Law. 725 (2009) Laura M. Bassett (Miller Canfield, Detroit), Tax
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Court Rejects NYLS Grade Complaint
Following up on my prior post, Court Refuses 2L's Request to Change "C" Grade or to Order NYLS to Adopt Pass/Fail Grading System: the Appellate Division has affirmed the dismissal of the student's complaint. Keefe v. New York Law School, 2010 NY Slip Op 02477 (A.D. 1st Dep't. Mar. 25, 2010). Above the Law Adjunct Law Prof
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New York’s Amazon Tax and the Battle Over Affiliate Nexus
Sam Zaprzalka (J.D. 2010, Seattle) has published Note, New York's Amazon Tax Not Out of the Forest Yet: The Battle Over Affiliate Nexus, 33 Seattle U. L. Rev. 527 (2010). Here is the Conclusion: Of course, the ultimate question in this Amazon Tax saga is, “Who cares? How does this affect me personally?” Residents of
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Kleinbard Publishes Woodworth Lecture: How Tax Expenditures Distort our Budget and our Political Processes
Edward D. Kleinbard (USC) has published his Laurence Neal Woodworth Memorial Lecture in United States Tax Law and Policy delivered at the May 2009 ABA Tax Section Midyear Meeting, The Congress within the Congress: How Tax Expenditures Distort our Budget and our Political Processes, 36 Ohio N.U. L. Rev. 1 (2010). Here is the abstract: Tax
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Each 100-Point Increase in Woman’s SAT Score Increases Payment for Egg Donation by $2,350
A new study by Aaron D. Levine (Georgia Tech) and published by the Hastings Center reports for each 100-point increase in her SAT score, women at elite universities can earn an extra $2,350 for donating eggs for in vitro fertilization, up to as much as $50,000 per donation (in violation of voluntary ethical guidelines by the American
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Legislature Takes Aim at Maryland Law School Clinics
Baltimore Sun: State House Bullies Target UM Law School: Make no mistake, the state Senate has done much more than express some idle curiosity about the University of Maryland’s law clinics. Budget language approved by the Senate this week includes a not-so-subtle message: Be careful who you let your law students represent. The tactics have
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David Meyer Named Dean at Tulane
David Meyer, Associate Dean for Academic Affairs at the University of Illinois College of Law and a Constitutional Law and Family Law scholar, has been named Dean at Tulane, replacing Interim Dean Stephen M. Griffin who has served since former dean Lawrence Ponoroff stepped down in 2009. From the Tulane press release: "David Meyer's appointment is
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Weisbach & Posner: Climate Change Justice
Tax Prof David Weisbach (Chicago) & Eric A. Posner (Chicago) have published Climate Change Justice (Princeton University Press, 2010). Here is the abstract: Climate change and justice are so closely associated that many people take it for granted that a global climate treaty should–indeed, must–directly address both issues together. But, in fact, this would be a serious mistake, one
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New U.S. News Rankings to be Released on April 15
Robert Morse, Director of Data Research at U.S. News & World Report, announced yesterday that the new law school rankings will be released April 15: This year, we have improved and modified both our part-time J.D. and part-time M.B.A. program ranking methodologies. U.S. News's new part-time law rankings are based on a 5.0-scale peer assessment survey, median
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Tax Foundation Publishes 2010 Facts & Figures: How Does Your State Compare?
The Tax Foundation yesterday released the 2010 version of Facts and Figures: How Does Your State Compare?, a pocket-sized booklet comparing the 50 states on 31 different measures of taxing and spending, including individual and corporate income tax rates, business tax climates, excise taxes, tax burdens and state spending.
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A Celebration of Bill Stuntz
Following up on my prior post, Harvard Law Prof Bill Stuntz Talks of His Impending Death, Faith (Mar. 7, 2010): a two-day Celebration of the Career of Bill Stuntz kicks off today at Harvard (schedule; live webcast). From Orin Kerr (George Washington), one of the participants: On the afternoon of Friday, March 26, and the morning of March
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The Right Warms to Tax Increases
Fututre of Capitalism, Another Tax Increaser on the Right: We've been tracking the increased openness on the center-right to new or increased federal taxes: David Brooks, Glenn Hubbard, Karl Rove, Tyler Cowen, Greg Mankiw. The latest example comes in the new Spring issue of National Affairs, which bills itself as the successor to Irving Kristol's
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Why UC-Irvine Law Students Are the Nation’s Happiest
The inaugural class at UC-Irvine, which will enjoy a tuition-free ride through all three years of law school (resulting in class medians of 167 LSAT and 3.65 UGPA), has a 100% employment rate for their first summer. Above the Law, UC–Irvine: Everybody Has a Job JD Journal, Jobs for Everyone at UC Irvine Law School The Recorder,
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Will Citizens United Spawn Tax Breaks for Corporations?
Matthew Yglesias (Think Progress), Corporate Political Contributions as Tax Break: Citizens United is going to be a significant tax break for politically active smallish business owners. If you used to be a guy who shelled out $10,000 a year on political contributions, then you used to need to pay yourself substantially more than that in
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Caron, Kowal & Pratt: Pursuing a Tax LLM Degree — Why and When?
Jennifer M. Kowal (Loyola-L.A.), Katherine Pratt (Loyola-L.A.) and I have posted Pursuing a Tax LLM Degree: Why and When? on SSRN. Here is the abstract: This Article and a related article, Pursuing a Tax LLM Degree: Where?, provide information and advice about Tax LLM programs to American law students and JD graduates who are thinking about
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Peroni Presents Tax Expenditure Analysis and a Normative Tax Base Today at NYU
Robert J. Peroni (Texas) presents Can Tax Expenditure Analysis be Divorced from a Normative Tax Base?: A Critique of the "New Paradigm" and its Denouement (with J. Clifton Fleming, Jr. (BYU)) at NYU today as part of its Colloquium Series on Tax Policy and Public Finance. The co-convenors of the colloquium are Daniel Shaviro (NYU) & Mihir Desai
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Stark Presents The Federal Role in State Tax Reform Today at Indiana
Kirk Stark (UCLA) presents The Federal Role in State Tax Reform at Indiana-Bloomington today as part of its Tax Policy Colloquium Series organized by Ajay K. Mehrotra. Here is part of the Introduction: This paper considers the federal government’s role in the design of state tax systems and asks what policy changes might be warranted so as to more effectively advance the
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BNA Tax Management Advisory Board Meets Today in New York City on Estates, Gifts, and Trusts
The BNA Tax Management Advisory Board meets today in New York City to discus three Estates, Gifts and Trusts papers: Ten Rules for Running a Family Foundation without Running Afoul of the Law, by Elizabeth Carrott Minnigh (Buchanan Ingersoll & Rooney, Washington, D.C.) Exit Tax Implication of Green Card Status, by Marianne R. Kayan (Buchanan Ingersoll