Al Sharpton still owes millions in taxes but seems to live a charmed life, in and out of the White House. Even Politico asked outgoing Attorney General Eric Holder if Sharpton wasn't too close. Heck no.
Chronicle of Education Video, On Leadership: What the State of Law Schools Can Teach the Rest of Higher Ed: Declining student demand and a weak job market have turned up the pressure on law schools. Blake D. Morant, dean of the George Washington University Law School and president of the...
Shu-Yi Oei (Tulane) presents Can Sharing Be Taxed? (with Diane M. Ring (Boston College)) at Pepperdine today as part of our Tax Policy Colloquium Series: The past few years have seen the rise of a new model of production and consumption of goods and services, often referred to as the...
The Center on Budget and Policy Priorities has been highlighting a significant issue lately: the importance of projected interest rates on our long-term fiscal outlook. The future is uncertain in general, but in many ways this is especially true for the federal budget. Show More Summary
Forbes: Hey, It Could Happen! The Optimist's Case For Tax Reform, by Joseph Thorndike (Tax Analysts): It’s easy to be cynical about tax reform. Politicians tell us that fixing the tax system is imperative and essential. But comprehensive reform is unusual and durable changes rarer still. That’s not exactly a...
What happens when the tax check is in the mail - but the mail truck is on fire? Residents in one Tennessee city found out when a U.S. Postal Service truck caught fire at tax time. How can you make sure that your tax payments are protected? Read on.
Potential criminal activity. Those are loaded words from Treasury Deputy Inspector General Timothy Camus, who confirmed that TIGTA is investigating whether the disappearance of the Lois Lerner (IRS) emails could be linked to criminal activity.
The Joint Committee on Taxation has released Fairness and Tax Policy (JCX-48-15): The Senate Committee on Finance has scheduled a public hearing on March 3, 2015, titled “Fairness in Taxation.” This document... describes concepts of tax equity and provides data related to the current and historical distribution of income...
The IRS Statistics of Income Division has released the Fall 2014 SOI Bulletin (Vol. 34, No. 1), with these articles: Corporate Foreign Tax Credit, 2010, by Scott Luttrell Exempt Organizations Unrelated Business Income Taxes, 2010, by Jael P. Jackson
This is one of a series of TaxVox guest blogs discussing dynamic scoring. California was one of the first states in the nation to undertake dynamic revenue estimation of tax proposals. In 1994, governor Pete Wilson (R) signed Senate...Show More Summary
In a potentially major scandal that may be about to explode, the IRS is under the spotlight for claiming thousands of emails had been lost when in actual fact they were not. Under sworn testimony, IRS Commisioner John Koskinen said in June last year that some 32,000 emails were lost in a hard drive crash in 2011. Show More Summary
Baby steps towards fixing Iowa’s business tax climate. At IowaBiz.com, the Des Moines Business Record’s Business Professionals’ Blog, I discuss […]
With 32,000 more emails just 'found,' IRS still has some explaining to do, particularly given the report that no one asked to recover them. This tax season, taxpayers everywhere are wondering how they would fare if they responded to an audit in this way.
'Pennies on the dollar' tax deals sound alluring, but are they real?
As mentioned in this article, Pennsylvania faces a deficit of $2.3 billion in its budget. The deficit is structural, that is, it reflects revenues and spending that persist from year to year. There are only two ways to eliminate structural deficits. Show More Summary
(Time.com) – From planning to scanning, there's an app for every accounting need. Let me start by saying that I am not a tax professional. But I am a professional who pays his taxes, and I highly recommend getting expert assistance in...Show More Summary
(Herald-dispatch.com) – Even if you've never paid the Alternative Minimum Tax, before, you should not ignore this tax. Your taxes may have changed so that this may be the year that you need to pay AMT. More on What You Should Know About...Show More Summary
Alabama’s GOP Governor wants higher taxes on car and cigarette sales. Robert Bentley released details on how he’d close the state’s $700 million budget shortfall. And $587 million would come from new revenues. He’d raise an estimated...Show More Summary
Martin J. McMahon Jr. (Florida), Bruce A. McGovern (South Texas) & Ira B. Shepard (Houston), Recent Developments in Federal Income Taxation: The Year 2014, 15 Fla. Tax Rev. ___ (2015): This recent developments outline discusses, and provides context to understand the significance of, the most important judicial decisions and administrative...
Jeffrey Harrison (Florida) & Amy Mashburn (Florida), Citations, Justifications, and the Troubled State of Legal Scholarship: An Empirical Study: Recent pedagogical, economic and technological changes require law schools to reevaluate their resource allocations. Although typically viewed in terms of curricular changes, it is important also to focus on the very...