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Tax Roundup, 11/19/14: Mayor of London, U.S. tax delinquent. And: sticks, stones, and IRS.

I thought the Revolution was fought to get away from the English, not to tax them. From Robert W. Wood comes a story […]

Tax Roundup, 11/18/14: The ACA and filing season. Be afraid.

Megan McArdle, Reality Check on Obamacare Year Two: Another thing to keep in mind, however: This open enrollment period isn’t the […]

Tax Roundup, 11/17/14: Sundog weather is shorts weather!

It’s 7F outside here in Mason City, Iowa. Warm enough for shorts, it seems. This gentleman was scraping his windows outside […]

Tax Roundup, 11/14/14: Teaching biology is one thing, farming is another. And: parsonage allowances live!

Accounting Today visitors: click here for the story about the pharmacist and the painkillers.  Cash-rent of farmland not “material participation” for […]

“Dead Reform Walking:” On Fairness, Immigration, and Spending

A Senator says “no way” to a bill that won’t see December’s light of day. As far as the lame-duck Congress is concerned, the Marketplace Fairness Act is dead: House Speaker John Boehner assured as much last week. Senator Ted Cruz has...Show More Summary

Jim Poterba Wins Holland Award

The National Tax Association gave this year’s Dan Holland Medal for outstanding contributions to the study and practice of public finance to MIT professor Jim Poterba. Jim, who is also president of the National Bureau of Economic Research, is a terrific economist and one of the nicest people you’ll ever meet. Show More Summary

Will Obama’s Executive Action on Immigration Kill Tax Reform? Hint: You Can’t Kill Something That’s Already Dead

The latest narrative making the rounds in Washington is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants though an executive order. House Speaker John Boehner (R-OH)...Show More Summary

In Search Of… Tax Savings, Near or Far

Inversion is the gift that keeps on giving for Actavis. Last year the pharmaceutical company reincorporated from its Parsipanny, New Jersey, home to Ireland, after a $5 billion deal with Warner Chilcotte. This year, before Treasury’s inversion curbs took effect, it purchased New York-based Forest Laboratories for $25 billion for tax savings. Show More Summary

Spin Alert: DOE Loans Are Losing Money, Not Making Profits

The Department of Energy snookered the media last week with a report that seems to show that its clean energy lending programs are profitable. “Remember Solyndra? Those loans are making money,” went a typical headline. Unfortunately, that’s not true. Show More Summary

How Quickly Can Lame Ducks Move Before the Holidays?

On the Hill this week: House Republicans will choose either Paul Ryan or Kevin Brady to be the next Ways & Means Committee chair. But Ryan would have to give up the gavel if he chooses to run for president, according to a new party rule approved last week. Show More Summary

A Billionaire Saves, Two Words Disappear, and Three Provisions Protect

There’s more than one way to skin a cat (and reduce taxes). Warren Buffett, chairman of Berkshire Hathaway, has made a swap for Procter & Gamble’s interest in Duracell. The “cash-rich split-off” means that Berkshire Hathaway bought Duracell in exchange for its appreciated P&G stock, worth $4.7 billion. Show More Summary

Satire, Tax or Otherwise, Lost on Americans

Few people understand satire. It’s such a dangerous practice that one wonders whether in the long run it does more harm than good. Recently, a website specializing in satire, but carrying a name that doesn’t hint at its character asShow More Summary

Soda Sales Shifting?

In last Wednesday’s post, Escaping Tax and User Fee Revenue Diversion, my analysis of a Philadelphia cigarette tax included an exploration of city residents making purchases outside the city in order to escape the tax. That point was...Show More Summary

Foolish Tax Filing Decisions Disclosed to Judge Judy

From time to time, tax issues pop up on television court shows. I have described these episodes on five previous occasions, starting with Judge Judy and Tax Law, and continuing through Judge Judy and Tax Law Part II, TV Judge Gets Tax Observation Correct, The (Tax) Fraud Epidemic, and Tax Re-Visits Judge Judy. Show More Summary

NY Times: Al Sharpton's Influence Grows, As Does His Unpaid Taxes

New York Times, Questions About Sharpton’s Finances Accompany His Rise in Influence: Mr. Sharpton’s influence and visibility have reached new heights this year, fueled by his close relationships with the mayor and the president. Obscured in his ascent, however, has been his troubling financial past, which continues to shadow his...

Seto: New BLS Data Projects More Lawyer Jobs Than Law Grads in 2016

Following up on yesterday's post, Government's Data Collection Change Will 'Solve' the Law School Crisis: TaxProf Blog op-ed: The Proposed New BLS Lawyer Replacement Projections, by Theodore P. Seto (Loyola-L.A.): Commentators who believe that the end of the world is near for legal education often point to Bureau of Labor...

The Tax Consequences of the Lincoln Center's Naming Rights

Forbes: What's In A Name? Should Naming Rights Reduce Charitable Deductions?, by Peter J. Reilly: When Avery Fisher gave Lincoln Center $10.5 million in 1973 to renovate Philharmonic Hall it was agreed that the hall be called Fisher Hall in perpetuity. Perpetuity turns out to be measured in decades rather...

Cost of College Crosses $260,000 Threshold

Chronicle of Higher Education, New Data on Tuition and Fees for Thousands of Colleges:

The IRS Scandal, Day 559

The IRS Scandal, Day 558 (Nov. 18, 2014) The IRS Scandal, Day 557 (Nov. 17, 2014) The IRS Scandal, Day 556 (Nov. 16, 2014) The IRS Scandal, Day 555 (Nov. 15, 2014) The IRS Scandal, Day 554 (Nov. 14, 2014) The IRS Scandal, Day 553 (Nov. 13, 2014) The IRS...

Dershowitz Wins Acquittal in Spitzer's Prosecution of Biblical Abraham for Attempted Murder of Isaac

New York Times, At Educational Event, a Modern Legal Interpretation of a Biblical Story: The facts were undeniable: The defendant, one Abraham (no known surname), had teetered on the brink of stabbing his son Isaac to death, only to be stopped by divine intervention. Luckily he had a lawyer with...

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