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Tax filing checklist 2017

Tax filing season 2017 really is here. Some folks have already filed their tax year 2016 federal return even though the Internal Revenue Service won't start processing the submitted forms until Jan. 23. Others of us are still waiting for the tax documents we need to fill out our forms. Show More Summary

A Tax Compromise Offered in Illinois

Illinois continues to struggle with its budget. The state’s most recent stopgap budget expired on December 31, 2016. To perhaps break up the political logjam, Illinois senators of both political parties have begun negotiations on a compromise plan, which includes tax changes, pension reforms, and expanded gambling operations in the state. Show More Summary

NY Times:Facing Fierce Competition For Clients, Elite Law Firms Take Unusual Steps To Bolster Their Brands

New York Times Deal Book: With Competition Fierce, Even Elite Law Firms Resort to the Unusual, by Elizabeth Olson: America’s law firms, even the most prominent, are mired in an era of noticeably modest growth and volatility in the industry, and 2017 promises to be no better. Fierce competition is...

Reflections On The AALS

Paul Horwitz (Alabama), The AALS Annual Meeting: A Partial Defense and Some Mild Reform Proposals--Part I: "Why Law Matters?!?" Paul Horwitz (Alabama), AALS Annual Meeting Reform Suggestions, Part II: Take Attendance Paul Horwitz (Alabama), AALS Annual Meeting Reform Proposals, Part III: Cut Back on the "Frequent Flyers" Paul Horwitz (Alabama),...

What’s A Blind Trust, Anyway, And Why Won’t It Work For President-Elect Trump?

With just nine days before the inauguration of the 45th President of the United States of America, President-elect Donald Trump held a press conference. Front and center at the press conference were Trump's plans to distance himself from his businesses after he took office.

Sugin:Invisible Taxpayers

Linda Sugin (Fordham), Invisible Taxpayers, 69 Tax L. Rev. 617 (2017): The paradigm tax dispute involves a taxpayer on one side and the government on the other. In that traditional dyad, only the taxpayer matters, even though the interrelatedness of taxpayers across the fiscal system means that the outcome of...

Increases in Private Letter Ruling Fees for 2017

Earlier this month, the IRS released Rev. Proc. 2017-1. Among other things, the first revenue procedure of the year includes the new user fees for seeking relief under Treas. Reg. §301.9100 ("9100 relief"). A taxpayer might seek 9100...Show More Summary

Liberty Tax Delivers Free Online Federal and State Tax Preparation at DIY Tax

Free platform takes users from login to e-file, no matter their tax situation VIRGINIA BEACH, VA -- (Marketwired) -- 01/12/17 -- Liberty Tax, Inc. (NASDAQ: TAX) Taxpayers looking for free online tax preparation software this tax season will find it at one location, DIY Tax, where the URL says it all www.freetax.com. Show More Summary

Tax Roundup, 1/12/17: In Tax Court, the seventh “allegedly” proves fatal. Also: Chapter 12’s comeback, and more links!

Allegedly. That’s a bad word to see when a Tax Court judge is describing your arguments. It turned out badly for […]

Charleston, Florida Coastal Law Schools Fail 'Gainful Employment' Test, Will Lose Federal Student Loans If They Fail Again Next Year; Three Other Law Schools In Danger Zone

National Law Journal, Two Law Schools Get an ‘F’ for High Student Debt from Education Dept.: Two law schools have landed on the U.S. Department of Education’s list of college programs with extremely high student loan debt compared with graduates’ earnings. Florida Coastal School of Law and Charleston School of...

Hasen:A Partnership Mark-To-Market Tax Election

David Hasen (Colorado), A Partnership Mark-to-Market Tax Election: The rules of subchapter K of the Internal Revenue Code impose substantial compliance burdens on partnerships and substantial administrative burdens on the government. These burdens could make the option to have periodic deemed realizations of gains and losses on partnership assets attractive...

Nurturing The Law Student’s Soul: Law Schools Struggle To Teach Professionalism In an Age of Consumerism

Elizabeth Adamo Usman (Belmont), Nurturing the Law Student’s Soul: Why Law Schools Are Still Struggling to Teach Professionalism and How to Do Better in an Age of Consumerism, 99 Marq. L. Rev. 1021 (2016): The pronounced increase over the past few decades of the role of consumerism in higher education...

The IRS Scandal, Day 1344:Democrats Remind Jeff Sessions AG Enforces 'Every Law,' Yet Were Silent When DOJ Declined To Prosecute Lois Lerner

Western Journalism Review, Democrats Remind Jeff Sessions AG Enforces 'Every Law,' They Were Silent These 7 Times Under Obama: Sen. Dianne Feinstein (D-CA) reminded Sessions and America that the Attorney General must enforce every law, regardless of the nation's top law enforcement official's views on those laws.... While it's...

IRS Issues Warning On New Scam Targeting Tax Professionals

The key to stopping scammers is staying one step ahead of the bad guys. That’s why the Internal Revenue Service (IRS), together with state tax agencies and tax industry partners, are warning tax professionals about a new scam this tax season. As part of the scam, cybercriminals are posing as clients soliciting services from tax […]

At The Universities Of Michigan And Virginia, Faculty Salaries Are Tied To Research Productivity, Not The Number Of Students Taught—And That's A Good Thing

Inside Higher Ed, Study Explores How Universities Deploy Faculty and Link Professor Pay: A common criticism of the faculty reward system is that it tends to value research over teaching. A just-released working paper from the National Bureau of Economic Research offers new evidence in support of that contention, suggesting...

Tillerson Seeks To Defer Tax On Gains From Sale Of Exxon Stock To Comply With Ethics Rules, Using Aggressive Interpretation Of I.R.C. § 83

Bloomberg: Tillerson’s Exxon-Ethics Plan Has a $72 Million Tax Advantage, by Lynnley Browning: The exit package Exxon Mobil Corp. has agreed to pay Rex Tillerson if he’s confirmed as secretary of state is structured to preserve roughly $180 million in deferred compensation for him — and might let him avoid...

Trump pledges to donate hotel payments by foreign governments to the U.S. Treasury

President-Elect Donald Trump is feeling charitable again. This time, it's Uncle Sam who's the target of his largesse. President-Elect Donald Trump and his three older children (Eric, Ivanka and Donald Jr.) get ready to meet the press this morning (Jan. Show More Summary

The Course Source: The Casebook Evolved

Stephen Johnson (Mercer), The Course Source: The Casebook Evolved, 44 Cap. U. L. Rev. 591 (2016) Psychologist Abraham Maslow once noted that “it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.” Law students are changing, law schools are...

Which States Rely the Most on Federal Aid?

State level taxes may be the most visible source of state government revenues for most taxpayers, but it’s important to remember that while they are important, they are not the only source of state revenue. State governments also receive...Show More Summary

Nguyen & Maine:Branding Taxation

Xuan-Thao Nguyen (Indiana-Indianapolis) & Jeffrey A. Maine (Maine), Branding Taxation, 50 Ga. L. Rev. 399 (2016): Brand advertising and enforcement represent a significant investment by most firms. Yet, surprisingly, little scholarship is devoted to the ideal tax regime that should govern investments in both brand building and brand enforcement. Current...

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