Taxation & Estate Planning

More From the Standup Economist

Posted on October 01, 2010
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Lewis & Clark Hosts Conference Today on Taxation and the Environment

Posted on October 01, 2010
Lews & Clark today hosts the 15th Annual Business Law Fall Forum: Taxation and the Environment: Session I: Introduction and History Samuel A. Donaldson (U. Washington) (moderator) Mona L. Hymel (Arizona), Environmental Tax Policy in the United States: A ?Bit? of History Janet E...

The Lessons of Famously Bad Estate Planning

Posted on October 01, 2010
The Lessons of Famously Bad Estate Planning: Celebrity screw-ups can help sell one of the most unsexy things out there: estate planning. Sonny Bono Michael Crichton Princess Diana Leona Helmsley Jimi Hendrix Michael Jackson Florence Joyner Bob Marley Joe Robbie Babe Ruth

GAO Releases Two Tax Gap Reports

Posted on October 01, 2010
The Government Accountability Office has released two reports on reducing the tax gap: Expanded Information Reporting Could Help IRS Address Compliance Challenges with Forgiven Mortgage Debt (GAO-10-997) IRS Has Modernized Its Business Nonfiler Program but Could Benefit from More Evaluation and Use of Third-Party Data (GAO-10-950)

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Harvey: Initial Observations on the IRS's Schedule UTP Guidance

Posted on October 01, 2010
J. Richard ?Dick? Harvey, Jr. (Villanova) has posted Schedule UTP Guidance ? Initial Observations on SSRN. Here is the abstract: In this article, the author discusses the IRS?s Schedule UTP guidance issued on Friday, September 24, 2010. He commends the IRS for the extensive guidance issued, and specifically expanding its...

Holmquist: Challenging Carnegie

Posted on October 01, 2010
Kristen Holmquist (UC-Berkeley) has posted Challenging Carnegie on SSRN. Here is the abstract: Since the 2007 release of the Carnegie Report on the status of legal education, energy around reform has been tremendous. Indeed, schools of every rank have taken heed of the Report?s finding that while law school teaches...

Lokken Presents Credit Derivatives and the Financial Crisis Today at SMU

Posted on October 01, 2010
Lawrence Lokken (Florida) presents Swapping Our Way to Ruin: The Role of Credit Derivatives in the Mortgage-Finance Crisis at SMU today as part of its Tax Policy Colloquium Series. Here is the abstract: The ongoing financial crisis has caused billions of dollars of losses to countless institutions and individuals, but...

Dean Embezzled $1m to Pay for Son's Law School Tuition

Posted on October 01, 2010
CNN, Investigators Say Dean Made Students do Housework for Scholarships: Investigators say a former vice president and dean at a New York university forced students to cook, clean, wash clothes and chauffeur her family -- and threatened that their scholarships would be revoked if they refused...

Smith: Gaps

Posted on September 30, 2010
Following up on last week's post, Tax Court Refuses to Follow 7th Circuit, Again Invalidates Innocent Spouse Reg (Sept. 23, 2010): Patrick J. Smith (Ivins, Phillips & Barker, Washington, D.C.), Gaps in the Seventh Circuit's Reasoning in Lantz, 128 Tax Notes 1375 (Sept...

U.S. News World's Best Universities Rankings

Posted on September 30, 2010
U.S. News & World Report has released its third annual World's Best Universities rankings, based on the 2010 QS World University Rankings, developed by QS Quacquarelli Symonds. The methodology is: 40%: academic peer reputation (15,050 responses) 20%: citations per faculty member 20%: student-faculty ratio 10%: employer survey (5007 responses) 5%:...

Kirsch: The Role of Physical Presence in Taxing Cross-Border Services

Posted on September 30, 2010
Michael S. Kirsch (Notre Dame) has published The Role of Physical Presence in the Taxation of Cross-Border Personal Services, 51 B.C. L. Rev. 893 (2010). Here is the abstract: This Article addresses the role of physical presence in the taxation of cross-border personal services...

U.S. News Law School Rankings Methodology, 1990-2010

Posted on September 30, 2010
Hyla Bondareff (Washington University Law Library) has posted U.S. News and World Report Ranking Methodology: The Devil is in the Detail on SSRN. Here is the abstract: This publication outlines the methodological variations in U.S. News and World Report?s annual law school rankings between 1990 and 2010...

The Impact of the Mortgage Interest Deduction on Homeownership Decisions

Posted on September 30, 2010
Christian A. L. Hilber (London School of Economics) & Tracy M. Turner (Kansas State University, Department of Economics) have posted ?The Mortgage Interest Deduction and its Impact on Homeownership Decisions. Here is the abstract: This paper examines the impact of the combined U...

Chodorow Presents Merging Healthcare and Charitable Giving Tax Incentives Today at San Diego

Posted on September 30, 2010
Adam Chodorow (Arizona State) presents Staying Well While Doing Good: A Proposal to Merge Healthcare and Charitable Giving Tax Incentives, 2010 U. Ill. L. Rev. ___, at San Diego today as part of its Tax Speakers Series. Here is the abstract: This Article considers two unrelated tax provisions ? the...

WSJ: The Ultimate Power Title -- Adjunct Professor

Posted on September 30, 2010
Wall Street Journal, The Ultimate Power Hobby: Bankers, Lawyers, Executives Jockey to Teach a University Class, Play Professor: Robert S. Cohen, a divorce attorney who has represented Christie Brinkley and James Gandolfini, says his favorite trophy isn't his country home or his soon-to-be-renovated Manhattan apartment...

DOJ Tax Division Chief/Adjunct Tax Prof, Former Student Square Off in D.C. Circuit in Telephone Excise Tax Refund Case

Posted on September 30, 2010
The Blog of the Legal Times, Full D.C. Circuit Digs Into IRS Tax Dispute: A group of taxpayers are trying to revive a suit against the IRS that challenges the procedure the agency set up for the collection of a refund of a tax on phone calls that netted the...

IRS Files $500k Tax Lien Against Al Sharpton

Posted on September 30, 2010
The IRS on Tuesday filed a $538,652 lien against Al Sharpton with the New York City Register's office for taxes assessed in 2009. Mr. Sharpton and his lawyer disputed the accuracy of the lien, since he was granted an extension of time to October 15 to file his 2009 tax...

Annotated Bibliography of the U.S. News Law School Rankings

Posted on September 30, 2010
Dora R. Bertram (Washington U.) has posted Annotated Bibliography: Ranking of Law Schools by U.S. News & World Report on SSRN. Here is the abstract: For better or worse, the U.S. News & World Report?s annual ranking of law schools is the most prominent and widely used ranking by all...

Best Value Law Schools

Posted on September 29, 2010
The October 2010 issues of the National Jurist and preLaw magazines include a ranking of 59 Best Value Law Schools: Bar passage higher than the state's average Average indebtedness after graduation 85% These 59 schools were ranked in four tiers, based...

McMahon: Using Federal Taxes to Put the 'Community' in Community Property

Posted on September 29, 2010
Stephanie McMahon (Cincinnati) has published California Women: Trying to Use Federal Taxes to Put the 'Community' in Community Property, 15 Wis. J.L., Gender & Soc. 35 (2010). Here is the abstract: Community property is thought to be a more equitable marital property regime than the common law because we assume...

ABA Tax Section Hosts Webcast Today on Planning for Debt Discharge Income and § 108 Relief

Posted on September 29, 2010
The ABA Tax Section offers a teleconference and webcast today on Planning for Debt Discharge Income and § 108 Relief from 1:00 - 2:30 p.m. EST: Using a unique problem format, this panel will discuss the tax aspects of the realization of debt discharge for COD income and the planning...

National Research Council Ph.D. Program Rankings

Posted on September 29, 2010
Following up on its 1982 and 1995 rankings, the National Research Council yesterday released updated rankings of 5,000 doctoral programs in 62 academic fields at 212 universities. National Research Council, Press Release Brian Leiter, A Quick Guide to the New National Research Council (NRC) Rankings Chronicle of Higher Education, 2010...

Fleischer Presents Taxing Founders' Stock Today at Washington University

Posted on September 29, 2010
Victor Fleischer (Colorado) presents Taxing Founders' Stock at Washington University today as part of its Faculty Enrichment Series. Here is the abstract: Founders of a start-up usually take common stock as a large portion of their compensation for current and future labor efforts...

New Issue of Regulation

Posted on September 29, 2010
The new issue of Regulation, Vol. 33, No. 3 (Cato Institute Fall 2010) contains these tax articles: Edward D. Kleinbard (USC), The Hidden Hand of Government Spending: Tax subsidies have grown in importance to a size unimaginable 40 years ago, when tax expenditures first were identified as a budget problem...

Forbes 400 Law School Rankings

Posted on September 29, 2010
37 of the Forbes 400 Richest Americans graduated from law school. Interestingly, the 37 graduated from 25 different law schools: No. Law School 4 Virginia 3 Chicago Northwestern Stanford 2 Columbia Harvard SMU 1 American Brooklyn Cornell DePaul George Washington Kentucky Loyola-L...

Moore: Previously Taxed Property Credit and the § 2035(b) Gross Up

Posted on September 29, 2010
Kelly A. Moore (Toledo) has published Previously Taxed Property Credit and the 2035(b) Gross Up, 34 S. Ill. U. L.J. 275 (2010). Here is the abstract: The Economic Growth and Tax Relief and Reconciliation Act of 2001 provided for a systematic increase in the exclusion amount of the Estate Tax,...

Moral, Religious and Ethical Perspectives on Estate Planning Symposium

Posted on September 28, 2010
The Creighton Law Review has published Symposium on Estate Planning: Moral, Religious and Ethical Perspectives, 43 Creighton L. Rev. 637- (2010): TePoel Lecture & Keynote Address: Paul L. Caron, The Costs of Estate Tax Dithering, 43 Creighton L. Rev. 637 (2010) Panel Session: Mary A...

Johnston: The Failure of the Bush Tax Cuts

Posted on September 28, 2010
David Cay Johnston has published So How Did the Bush Tax Cuts Work Out for the Economy?, 128 Tax Notes 1409(Sept. 27, 2010): Analyzing the latest tax data, Johnston finds that average incomes are down since 2000, the number of high-income nontaxpayers is rapidly rising, and the numbers show that...

Willens: Private Rulings Inadmissible as Evidence

Posted on September 28, 2010
Robert Willens (Robert Willens LLC, New York; Adjunct Professor, Columbia), IRS Ruling Inadmissible as Evidence (CFO.com): A federal court decision related to contingent liabilities underscores the limited role an IRS private-letter ruling may play in a legal argument...

Viard: The Myth of a Return to Clinton-era Taxes

Posted on September 28, 2010
Alan Viard (American Enterprise Institute), The Myth of a Return to Clinton-era Taxes: Under the president?s proposal, virtually all of top earners? ordinary income will be taxed at 44.6%, starting in 2013. We?re not just going back to the Clinton-era rates of 40...

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