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Last day reminder list

Programming note: Tax Roundups will return next week.  I’m taking a few days off, so it will be quiet around […]

2015 Federal Budget – Limiting the Size of Retirement Accounts

We continue our look at the proposed 2015 Government Budget, and today it’s one that is bound to impact people by surprise. The proposal itself may seem well intended, at face value, it puts a limit on what one can accumulate in their retirement accounts. In light of the Mitt Romney $400M IRA, such proposals […]

Ten-Year Anniversary of TaxProf Blog

Today marks the ten-year anniversary of TaxProf Blog (and the nineteen-year anniversary of the TaxProf Email Discussion Group). I hope the blog has at least partially succeeded in its mission (announced in my very first post) to provide daily news and information of interest to law school tax professors and...

3 Income Tax Extension Myths You Shouldn’t Believe

If you are going to miss the April 15th tax deadline you still have time to complete your return if you requested an extension or request one by April 15th. Taxpayers who qualify can get an additional six months to file, which can be helpful if you’re still trying to get your paperwork together. While [...]Show More Summary

Nova Offers Buyouts to Law Faculty With Age + Experience > 60

Daily Business Review: Nova's Law School Offering Professors Voluntary Buyouts: After 40 years as a law professor at Nova Southeastern University, Bruce Rogow—who has taught at the school since it first opened—delivered his final lecture last week. Rogow is one of dozens of tenured law professors to be offered buyouts...

TurboTax Maker Linked to ‘Grassroots’ Campaign Against Free, Simple Tax Filing

Pro Publica: TurboTax Maker Linked to ‘Grassroots’ Campaign Against Free, Simple Tax Filing: Over the last year, a rabbi, a state NAACP official, a small town mayor and other community leaders wrote op-eds and letters to Congress with remarkably similar language on a remarkably obscure topic. Each railed against a...

Lawyer for Bin Laden's Son-in-Law Pleads Guilty to Tax Charges

ABA Journal: Lawyer Who Represented Terrorism Suspects Pleads Guilty to Tax Charge Legal Insurrection: Hamas’ Attorney, Stanley Cohen, Pleads Guilty to Tax Offenses, by William A. Jacobson (Cornell) New York Daily News: Lawyer Who Defended Osama Bin Laden's Son-in-Law to Plead Guilty to Tax Charge to End 'Witchhunt' New York...

The IRS Scandal, Day 341

Lois Lerner's Lawyer Goes on the Record: American Thinker: Bob Woodward Thinks 'There's Obviously Something There' in IRS Scandal Bloomberg editorial: Get the IRS Out of Politics (Mostly) Daily Caller: Lois Lerner Sits in Her Lavish House on $2.4 Million Property as She Awaits Possible Contempt Charge Daily Mail: GOP...

Fed Economist Calls for Full Expensing to Revive Investment

The way businesses write off their investment expenses is one of the more arcane and obscure aspects of our tax code. It is also one of the biggest tax barriers to investment. Businesses are not allowed to write off investments immediately,...Show More Summary

IRS Taxing Tax Day Freebies?

Tax Day Freebies and Discounts Are Bigger and Better, But Can't IRS Tax Them Too?

Lessons from the late John Pinette, accountant-turned-comic

John Paul Pinette, the portly comic who is probably most recognized as the carjacking victim who set in motion the trial in the 1998 finale of "Seinfeld," died April 5. If the 50-year-old Malden, Mass., native had followed his original career path, he likely would be working on tax returns today. Show More Summary

How Breast Implant Size is Relevant to Tax Policy

In filing one’s taxes, it may be necessary to distinguish between breast implants that are merely “large,” and breast implants that are “extraordinarily large.” The relevant ruling on this subject came in 1994 in a case known as Hess v. Show More Summary

Donald Tobin

Tax Prof Donald P. Tobin (Ohio State) has been named Dean at Maryland: Tobin comes to UMB from Ohio State University where he was the John C. Elam/Vorys Sater Professor of Law at the Michael E. Moritz College of Law. During his 13 years at the Moritz College of Law,...

Papers From the American Taxation Association's 2014 Midyear Meeting

The American Taxation Association has posted on SSRN the 21 papers from its 2014 Midyear Meeting.

NYU Tax Law Review Publishes Symposium Issue: The Income Tax at 100

The Tax Law Review has published a new issue (Vol. 66, No. 4 (Summer 2013)), NYU/UCLA Tax Policy Symposium: The Income Tax at 100, 66 Tax L. Rev. 357-879 (2013): Deborah H. Schenk (NYU), Foreword: The Income Tax at 100, 66 Tax L. Rev. 357 (2013) Panel #1: The Role...

Congress Fiddles While Bridges Crumble

It isn’t news that congressional Democrats and Republicans have agreed to spend the time between now and the November elections messaging, rather than legislating. When it comes to domestic policy it has only two real issues on its must-do list: Deciding the fate of 50+ tax breaks that expired last December and figuring out what […]

Worst Ways to Spend Your Tax Refund

If you’re looking forward to getting a fat tax refund check this year, you need to think carefully about how you plan to spend it. While there are plenty of smart things you could do with the extra cash, like paying down debt or making some much-needed home improvements, it’s all too easy to let [...]Show More Summary

WSJ: Three Issues on Most Taxpayers' Minds

Wall Street Journal: As Tax Day Nears, Where Does Your Money Go?, by Laura Saunders: Where do your tax dollars go? What are the most popular deductions? And how long must people work each year to pay Uncle Sam his due? Those issues may be on the minds of many...

15 tax filing tips for April 15

It's one day until the tax filing deadline. Are you panicking yet? Don't. You've got time. Technically, we have a day and a half (sorry for not posting sooner; one of those crazy days) to get our returns done -- and by "we," I mean all y'all planning to send in a 1040 because I've already filed an extension. Show More Summary

The Political Economy of Policy Transitions

Michael J. Trebilcock (Toronto), Dealing with Losers: The Political Economy of Policy Transitions (Oxford University Press 2014): Whenever governments change policies—tax, expenditure, or regulatory policies, among others—there will typically be losers: people or groups who relied upon and invested in physical, financial, or human capital predicated on, or even deliberately...

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