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Speaking of Taxpayers (AUDIO): States Have Taxes on the Mind
State Affairs Manager Brent Mead has a big state roundup including California tax hikes and budget problems, good new from New Hampshire, and more pain in Maryland.
State Affairs Manager Brent Mead has a big state roundup including California tax hikes and budget problems, good new from New Hampshire, and more pain in Maryland.
4 hours ago
Hurricane season 2012 arrives early as Alberto forms off South Carolina coast
Wow! That was quick. The first storm of the Atlantic hurricane season popped up this afternoon along the South Carolina coast. Residents of America's Eastern Seaboard and Gulf of Mexico ...
Wow! That was quick. The first storm of the Atlantic hurricane season popped up this afternoon along the South Carolina coast. Residents of America's Eastern Seaboard and Gulf of Mexico ...
5 hours ago
Mobile workforce tax relief bill moving; Gets House OK, awaits Senate action
Do you travel to other states to do your job? Then you probably know the hassle of figuring out the different state income tax filing requirements. It's often called a ...
Do you travel to other states to do your job? Then you probably know the hassle of figuring out the different state income tax filing requirements. It's often called a ...
5 hours ago
Defense Bill Covers a Lot of Ground Including Budget Increase, Same Sex Marriage Ban and Retitling of Department of the Navy
INDIAN OCEAN - AUGUST 12: In this handout from the U.S. Navy, U.S. marines embarked aboard the amphibious assault ship USS Peleliu in the Indian Ocean board a Marine Corps ...
INDIAN OCEAN - AUGUST 12: In this handout from the U.S. Navy, U.S. marines embarked aboard the amphibious assault ship USS Peleliu in the Indian Ocean board a Marine Corps ...
6 hours ago
Alleged Conspiracy in the Rosa Parks Estate
This makes me sad. It's really hard to imagine more of an heroine than Rosa Parks, so it is upsetting that the footnote to her legacy is this ridiculousness. This ...
This makes me sad. It's really hard to imagine more of an heroine than Rosa Parks, so it is upsetting that the footnote to her legacy is this ridiculousness. This ...
7 hours ago
Estate & Gift Tax Savings From Facebook Co-Founder's Renunciation of U.S. Citizenship Dwarf Income Tax Savings
Following up on my prior post, Tax Savings From Facebook Co-Founder's Renunciation of U.S. Citizenship: $67 Million: Wall Street Journal: So How Much Did He Really Save?, by Laura Saunders: ...
Following up on my prior post, Tax Savings From Facebook Co-Founder's Renunciation of U.S. Citizenship: $67 Million: Wall Street Journal: So How Much Did He Really Save?, by Laura Saunders: ...
10 hours ago
Sutherland hires Allen and Rizzolo into the insurance tax practice in Washington
Sutherland Asbill & Brennan LLP announced today the continued expansion of the firm’s insurance tax practice with the addition of Dennis L. Allen and M. Kristan Rizzolo as partners in ...
Sutherland Asbill & Brennan LLP announced today the continued expansion of the firm’s insurance tax practice with the addition of Dennis L. Allen and M. Kristan Rizzolo as partners in ...
17 hours ago
Tax Exceptionalism and Tax Reform
Gene Magidenko (J.D. 2012, Michigan) has published two notes in the University of Michigan Journal of Law Reform Online: Tax Exceptionalism: Wanted Dead or Alive (Mar. 12, 2012): "Tax law ...
Gene Magidenko (J.D. 2012, Michigan) has published two notes in the University of Michigan Journal of Law Reform Online: Tax Exceptionalism: Wanted Dead or Alive (Mar. 12, 2012): "Tax law ...
19 hours ago
The Tax Treatment of Carried Interest
Jason A. Sacks (J.D. 2012, Washington University), Note, Effective Taxation of Carried Interest: A Comprehensive Pass-through Approach, 89 Wash. U. L. Rev. 449 (2012): Taxation of “carried interest” has been ...
Jason A. Sacks (J.D. 2012, Washington University), Note, Effective Taxation of Carried Interest: A Comprehensive Pass-through Approach, 89 Wash. U. L. Rev. 449 (2012): Taxation of “carried interest” has been ...
22 hours ago
Early Withdrawal Penalty (The "Additional Tax") For Education Expenses Applies To Withdrawals From Rollover IRA
Withdrawals to pay education expenses from your employer's retirement plan before you turn age 59 1/2 are NOT subject to the 10% early withdrawal penalty. Withdrawals for the same reason ...
Withdrawals to pay education expenses from your employer's retirement plan before you turn age 59 1/2 are NOT subject to the 10% early withdrawal penalty. Withdrawals for the same reason ...
22 hours ago
Mobile Workforce State Income Tax Simplification Act Passed in House
On May 15, 2012, H.R. 1864, the Mobile Workforce State Income Tax Simplification Act of 2012, passed by voice vote in the House. It has since been referred to the ...
On May 15, 2012, H.R. 1864, the Mobile Workforce State Income Tax Simplification Act of 2012, passed by voice vote in the House. It has since been referred to the ...
1 day ago
National Ride Your Bike to Work Day Offers Chance to Lower Tax Bill
SAN FRANCISCO - MAY 13: Bicyclists rides their bikes down Polk Street on Bike to Work Day May 13, 2010 in San Francisco, California. Thousands of bicyclists are expected to ...
SAN FRANCISCO - MAY 13: Bicyclists rides their bikes down Polk Street on Bike to Work Day May 13, 2010 in San Francisco, California. Thousands of bicyclists are expected to ...
1 day ago
Fixing Medicare’s Double-Counting Problem
Last week I argued that budgeting for Medicare’s hospital insurance program is flawed. Today, I offer two ways to fix it (and reject a third). Medicare Part A is one ...
Last week I argued that budgeting for Medicare’s hospital insurance program is flawed. Today, I offer two ways to fix it (and reject a third). Medicare Part A is one ...
1 day ago
McCaffery: What Sports Can Teach Tax Policymakers
Edward J. McCaffery (USC), What Sports Can Teach Tax Policymakers: Lessons from the Luxury Tax: Luxury taxes are increasingly used by major sports leagues, such as Major League Baseball and ...
Edward J. McCaffery (USC), What Sports Can Teach Tax Policymakers: Lessons from the Luxury Tax: Luxury taxes are increasingly used by major sports leagues, such as Major League Baseball and ...
1 day ago
Tax Lawyer, Campbell Rose, joins Deloitte Auckland from Russell McVeagh
Deloitte has announced the appointment of Campbell Rose as a tax partner in the firm’s Auckland office, effective from June 1. Mr Rose will join Deloitte from law firm Russell ...
Deloitte has announced the appointment of Campbell Rose as a tax partner in the firm’s Auckland office, effective from June 1. Mr Rose will join Deloitte from law firm Russell ...
1 day ago
Outraged By Facebook Expatriate, Sens. Schumer and Casey Propose Steep "Exit Tax"
Facebook.com co-founder Eduardo Saverin—the good guy from The Social Network—was allegedly muscled out of the company but sued to get a 4 percent stake. Since 2009, the Brazilian-born Saverin has ...
Facebook.com co-founder Eduardo Saverin—the good guy from The Social Network—was allegedly muscled out of the company but sued to get a 4 percent stake. Since 2009, the Brazilian-born Saverin has ...
1 day ago
CBPP Urges Keeping Tax Dollars Away From the Feds
On June 12, North Dakota voters will decide whether to abolish property taxes in their state. Measure 2 would, depending on the perspective, be an $800 million blow to essential ...
On June 12, North Dakota voters will decide whether to abolish property taxes in their state. Measure 2 would, depending on the perspective, be an $800 million blow to essential ...
1 day ago
IRS Warning Letters May be Sufficient for Some NonWillful Violations (5/18/12)
In a Tax Notes Today report of statements made at the Eastern Pennsylvania Working Together Conference in Malvern, PA, Jason Kuratnick, IRS Associate Area Counsel (Philadelphia), Small Business / Self-Employed ...
In a Tax Notes Today report of statements made at the Eastern Pennsylvania Working Together Conference in Malvern, PA, Jason Kuratnick, IRS Associate Area Counsel (Philadelphia), Small Business / Self-Employed ...
1 day ago
Nurses Support Financial Transactions Tax
Perhaps the JPMorgan Chase debacle has caught enough attention to alter the debate. JPMorgan of course claimed to be entering a type of hedge that would be permitted under the ...
Perhaps the JPMorgan Chase debacle has caught enough attention to alter the debate. JPMorgan of course claimed to be entering a type of hedge that would be permitted under the ...
1 day ago
Tax Court: TP Can't Deduct $23k Contribution to Church That Failed to Include No Property/Service Statement in Acknowledgment
The Tax Court yesterday again reiterated that a taxpayer cannot deduct a charitable contribution with complying with the § 170(f)(8)(A) substantiation requirements. Durden v. Commissioner, T.C. Memo. 2012-140 (May 17, ...
The Tax Court yesterday again reiterated that a taxpayer cannot deduct a charitable contribution with complying with the § 170(f)(8)(A) substantiation requirements. Durden v. Commissioner, T.C. Memo. 2012-140 (May 17, ...
1 day ago
Samahon: Freytag and the President's Authority to Remove Tax Court Judges
Tuan Samahon (Villanova), Blackmun (and Scalia) at the Bat: The Court's Separation-of-Powers Strike Out in Freytag, 12 Nev. L.J. 691 (2012): This contribution to the "worst Supreme Court cases" symposium ...
Tuan Samahon (Villanova), Blackmun (and Scalia) at the Bat: The Court's Separation-of-Powers Strike Out in Freytag, 12 Nev. L.J. 691 (2012): This contribution to the "worst Supreme Court cases" symposium ...
1 day ago
Example of a Mini-Eduardo Saverin
So let’s say you are a wealthy U.S. citizen living in Singapore (I am not an advisor of Eduardo Saverin and I have no information about his situation). You have ...
So let’s say you are a wealthy U.S. citizen living in Singapore (I am not an advisor of Eduardo Saverin and I have no information about his situation). You have ...
1 day ago
Tax Court: Married Filing Separately Taxpayer Subject to Limited Mortgage Interest Deduction
Faina Bronstein and her father-in-law purchased a home in Brooklyn for $1,300,000 in 2007, with each buyer jointly and severally responsible for the $1,000,000 mortgage. Throughout 2007, Bronstein and her ...
Faina Bronstein and her father-in-law purchased a home in Brooklyn for $1,300,000 in 2007, with each buyer jointly and severally responsible for the $1,000,000 mortgage. Throughout 2007, Bronstein and her ...
1 day ago
Double Taxation’s Inaugural Video Blog: Understanding Revenue Ruling 99-6
Video — the marketing people tell me — is the wave of the future. And despite the fact that putting myself on camera opens me up to a whole new ...
Video — the marketing people tell me — is the wave of the future. And despite the fact that putting myself on camera opens me up to a whole new ...
1 day ago
International Legislation Hackathon: Remote Participants
The International Legislation Unhackathon will be held this Saturday, May 19. It's not too late to sign up for the event at UC Hastings, Denver or Stanford. If you are ...
The International Legislation Unhackathon will be held this Saturday, May 19. It's not too late to sign up for the event at UC Hastings, Denver or Stanford. If you are ...
1 day ago
Million dollar mortgages: when division = subtraction
Filing separate returns can be an expensive move. It was more expensive than usual for a Brooklynette in Tax Court yesterday. The taxpayer bought a residence for $1.35 million in ...
Filing separate returns can be an expensive move. It was more expensive than usual for a Brooklynette in Tax Court yesterday. The taxpayer bought a residence for $1.35 million in ...
1 day ago
IRS issues Applicable Federal Rates (AFR) for June 2012
The IRS has issued (Rev. Rul. 2012-13) the minimum required interest rates for loans made in June 2012: -Short Term (demand loans and loans with terms of up to 3 ...
The IRS has issued (Rev. Rul. 2012-13) the minimum required interest rates for loans made in June 2012: -Short Term (demand loans and loans with terms of up to 3 ...
1 day ago
Tax Roundup, 5/18/2012: Schumer unfriends Facebook, Nanny taxes and the nanny state, and forget that Lincoln-Douglas stuff.
Connect the dots: Schumer Proposes U.S. Tax on People Like Facebook’s Saverin (SFgate.com)…. Why Foreign Banks Are Shunning American Millionaires (Bloomberg Business Week) Related: Anthony Nitti: “The fake outrage is ...
Connect the dots: Schumer Proposes U.S. Tax on People Like Facebook’s Saverin (SFgate.com)…. Why Foreign Banks Are Shunning American Millionaires (Bloomberg Business Week) Related: Anthony Nitti: “The fake outrage is ...
1 day ago
Facebook co-founder's expatriation tax savings prompt Ex-PATRIOT Act
Home is where the heart, and tax savings, are for Facebook co-founder Eduardo Saverin. That home now is in Singapore. Today's Facebook initial public offering could make Saverin around $4 ...
Home is where the heart, and tax savings, are for Facebook co-founder Eduardo Saverin. That home now is in Singapore. Today's Facebook initial public offering could make Saverin around $4 ...
1 day ago
