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Today’s Inside Higher Ed reports that Arkansas-Little Rock Law Prof Richard J. Peltz is suing his students: Richard J. Peltz is suing two students who are involved in the university’s chapter of the Black Law Student Association, the association itself,…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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In the new movie Deception, the hero is tax accountant Jonathan McQuarry (played by Ewan McGregor). At one point in the movie, the accountant says to a friend, Wyatt Bose (played by Hugh Jackman), that he once called an adult-themed…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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Lawrence A. Zelenak (Duke) has published Justice Holmes, Ralph Kramden, and the Civic Virtues of a Tax Return Filing Requirement, 61 Tax L. Rev. 53 (2007). Here is the Conclusion: Given the overwhelming complexity of the income tax return preparation…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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Following up on Saturday’s post on Al Franken’s tax troubles: press reports say that the Minnesota democratic senatorial candidate will be paying over $70,000 in taxes to several states to clear up the matter and blames his accountant for the…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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Yoram Keinan (Michigan) has published United States Federal Taxation of Derivatives: One Way or Many?, 61 Tax Law. 81 (2007). Here is the Introduction: While derivatives have been utilized for almost a century, the use of derivatives has been exploding…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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Following up on yesterday’s post on the Government’s 4th Circuit victory in the BB&T LILO tax shelter case: BB&T Loses Tax Shelter Case in Second IRS Victory This Month (Bloomberg), by Ryan J. Donmoyer Wachovia Corp Sees 2Q Charge $800…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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The Tax Court yesterday denied a former employee of WorldCom a $1.34 million loss deduction on WorldCom stock. Taghadoss v. Commissioner, T.C. Summ. Op. 2008-44 (4/29/08): Petitioner was employed by the WorldCom for 17 years. During the course of petitioner’s…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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Alex Raskolnikov, host of Columbia’s Tax Policy Colloquium Series, continues our series on how to best structure a tax policy workshop series: We’ve just started a tax policy colloquium at Columbia, so our experience is limited to one year. Both…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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The Tax Court yesterday denied a deduction for various business expenses claimed by an Illinois real estate attorney, including cell phone expenses. Tash v. Commissioner, T.C. Memo. 2008-120 (4/29/08): The record did not indicate whether petitioner used his cellular telephone…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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The two-day 27th Annual Federal Tax Institute kicks off today at Chicago-Kent. The Institute Co-Chairs are André LeDuc (Skadden, Chicago) and Todd Maynes (Kirkland & Ellis, Chicago). The keynote speaker is Edward D. Kleinbard, Chief of Staff of the Joint…
Written by Paul Caron on April 30th, 2008 with comments disabled.
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