Paul L. Caron
Dean
Pepperdine Caruso
School of Law
Celebrity Tax Lore
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Donald Trump’s Heir Problem
Forbes, Trump’s Real Heir Concerns, by Hani Sarji: In a recent interview with Steve Forbes, Trump revealed his real heir concerns. These are very serious concerns over who will succeed his business: Forbes: So, what do you do about succession? You have three up-and-comers. Trump: Well, I do. And maybe five. I really have good…
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UK Tax on Athletes’ Worldwide Income Keeps Them Away From British Events
Reuters, UK Tax Scaring Top Players, Says Wimbledon Head: Several of the world’s top tennis players are likely to avoid leading tournaments in Britain because of the UK government’s policy of taxing their endorsement income, according to the man who runs Wimbledon. “Of course we have no problem with players being taxed on prize money…
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Deducting Dunks
The Onion, Frustrated Kevin Durant Realizes He Forgot To Write-Off Several Dunks On Taxes: Just hours after Kevin Durant mailed in his forms for 2010, a conversation with Thunder teammate Russell Westbrook Monday made him realize he had forgotten to deduct the results of some 600 dunks. “Russell was talking about how he was able…
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PwC: ‘It Gets Better’
PricewaterhouseCooper has released this video in support of the It Gets Better Project:
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California AG Asks Judge to Jail the ‘Tax Lady’
Press release from the California Attorney General: Attorney General Kamala D. Harris today asked a Sacramento County Superior Court to hold “Tax Lady” Roni Deutch in contempt of court, imprison her for five days on each violation and fine her thousands of dollars for shredding millions of pages of documents and failing to pay refunds to her clients…
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Tax Day Videos
Tax Day videos from The Huffington Post. My favorite: Mort Mort Feingold, Accountant for the Stars:
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Jon Stewart on President Obama’s ‘Spending Reductions in the Tax Code’
The Daily Show – Slashdance – Democratic Deficit Reduction PlanTags: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook What? “Spending reductions in the tax code”? The tax code isn’t where we spend, it’s where we collect, and that…. ohhhhhhhhhhhhhhh. I guess what you said is tax “code”, code for raising taxes.…
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CNBC: The American Tax Cheat
CNBC airs The American Tax Cheat tonight at 9:00 EST: Hundreds of billions of dollars escape IRS collections every year. So who is the American tax cheat secretly keeping their cash while the rest of us have to pony up? Why do so many people believe that cheating on your taxes is morally ok?…
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GE Gets Punk’d: AP, USA Today Fall for GE’s Claimed Return of $3.2b Tax Refund
The Yes Men press release: GE Returns Billions to Public… NOT USA Today, AP fall for US Uncut ploy; GE stock loses billions Washington, DC – US Uncut, a burgeoning grassroots movement pressuring corporate tax cheats to pay their fair share, posted today a fake GE press release announcing that they would return their illegitimate…
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Tax Lessons from Ronaldinho and Beckham
Miller-McCune, In Tax Debate, Lessons from Ronaldinho and Beckham: Economists study European soccer stars to understand how the wealthy respond to tax increases and what states should do as a result. How high can you tax the rich before they decide to pack up and move somewhere cheaper? For states teetering on the edge of…
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The Prince of Darkness Owes Uncle Sam $1.7m
Ozzy and Sharon Osbourne owe more than $1.7 million to the IRS, according to these tax liens. They blame their accountant. (Hat Tip: James Hanasik.) ABC News New York Daily News US Magazine
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Trump’s Tax Plan: One-Time 14.25% Net Worth Tax on Those With Over $10m
CNN, Trump Proposes Massive Onetime Tax on the Rich (Nov. 9, 1999): CNN Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat tax rich people like himself. Trump .. is proposing a onetime net worth tax on individuals and trusts worth…
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NYU Hosts From Ralph Kramden to Homer Simpson — Tax Compliance Attitudes in Sitcoms
The NYU Graduate Tax Program hosts its 2nd Annual Tax Movie Night tonight, From Ralph Kramden to Homer Simpson: Tax Compliance Attitudes in Sitcoms: Professor Lawrence Zelenak from Duke Law School will join us as a special guest speaker. During this event, we will watch excerpts from four different television sitcom episodes involving tax compliance, spanning four…
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Jon Stewart on G.E.’s 0% Tax Rate
Following up on Friday’s post, NY Times: G.E.: Tax Imagination at Work: The Daily Show – I Give Up – Pay Anything…Tags: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
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Move Over Butler, Kentucky, UConn & VCU: The Tax Final Four
Robert G. Nassau (Syracuse) has published April Madness: The Final Four, 130 Tax Notes 1613 (Mar. 28, 2011): [T]he [Tax] Final Four is set: health insurance versus standard deduction in the early game, followed by capital gains and the EITC [click on bracket to enlarge]. See also Tax Homage to the Big Dance: Fill Out Your…
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Chicago Man Finds $9 Million Lottery Ticket While Preparing His Taxes
A Chicago man preparing his taxes found a winning $9 million lottery ticket inside of his tax file just days before the ticket would have expired. CBS Chicago Chicago Tribune Daily Mail Huffington Post NPR
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Pastor: ‘No Tax Refund, No Communion’
Fox News, Pastor Accused of Denying Communion to Churchgoers Who Didn’t Give Tax Refunds Jonathan Turley, Pay and Pray: Pastor Accused of Withholding Communion After Parishioners Refuse To Hand Over Their Tax Refunds
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Crawford: Charlie Sheen’s Oprah Tax Problem
Bridget Crawford (Pace), Charlie Sheen’s Oprah Problem: Of all of the odd news concerning Charlie Sheen in recent weeks, one particular tidbit caught my tax-professor eye. The actor is holding a raffle for two tickets to his roadshow in Detroit on March 22, 2011. “Winner and guest will hang out with Charlie at the VIP…
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IRS Pays Enron Whistleblower $1.1 Million
The IRS yesterday announced that it has paid a $1.1 million reward to a whistleblower for information that exposed an alleged tax fraud scheme by Enron. The reward represents the maximum 15% permitted under the statute. From the whistleblower lawyer’s press release: “Enron was able to inflate its book earnings due to abusive tax shelters allegedly set…
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Tax Appreciation Day
Houston Chronicle, ‘Lucky Winner’ at Astros Game Learns Nothing Is Free: Bob Choate has sold restaurant equipment for years, so he already knew there was no such thing as a free lunch. Now, much to his chagrin, Choate has found there’s no such thing as a free doughnut, either. Choate, 56, of Houston last fall…
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Tax Homage to the Big Dance: Fill Out Your Tax Code Bracket
Robert G. Nassau (Syracuse) has published April Madness, 130 Tax Notes 1351 (Mar. 14, 2011): [T]here has never been a bracket of IRS sections, at least not until now. In an effort to remedy that glaring bracketology lacuna, I have taken it upon myself to select 64 (no play-in games for the code) of the finest, taxpayer-friendly…
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IRS Tries to Bogart Medical Marijuana Club’s Deductions
Marin Independent Journal, IRS Tells Fairfax Medical Marijuana Dispensary It Owes Millions in Unpaid Taxes: The IRS has notified the Marin Alliance for Medical Marijuana in Fairfax that it owes millions of dollars in unpaid back taxes, according to the alliance’s founder and director, Lynnette Shaw. Shaw said the IRS audited the alliance’s tax returns…