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President of Macalester College Calls for University of North Carolina to Lose its Accreditation Over Academic Fraud Scandal

Chronicle of Higher Education op-ed: UNC-Chapel Hill Should Lose Accreditation, by Brian Rosenberg (President, Macalester College): The revelations from the report on the academic-fraud scandal at the University of North Carolina at Chapel Hill have been startling: More than 3,000 students over a period of 18 years were awarded grades...

Tax Roundup, 10/27/14: IRS visits Arnolds Park restaurant, tips itself.

IRS Commissioner Koskinen likes to say there is nothing wrong with the IRS that a bigger budget can’t cure. A story out […]

IRS seizes honest taxpayers' assets under forfeiture program

Oh my Lord, IRS. What in the hell were you thinking? The Internal Revenue Service is already the most hated government agency, and then you go and seize honest working people's assets just because you can. Even worse, you make it incredibly hard for them to prove that it's you, not them, that is in the wrong. Show More Summary

5.5 Million Americans Eye Giving Up U.S. Citizenship, Survey Reveals

Millions of Americans Abroad Feel Trapped by FATCA, and While they Aren't Evading Taxes, Consider Giving Up U.S. Citizenship.

Reporting, Responding, and Partnerships

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then.  Stranger than fiction: The IRS, “structuring,” and asset seizures. A business’ cash deposits, if under $10,000, do not trigger a government reporting requirement. Show More Summary

The True Cost of Stopping a Tax Increase

From this story, I learned that there is a ballot question in Massachusetts asking voters to decide whether the inflation-adjustment indexing of the state gasoline tax, enacted in 2013 and scheduled to go into effect in 2015, should be repealed. Show More Summary

Brooks: Income-Based Repayment and the Public Financing of Higher Education

John R. Brooks II (Georgetown), Income-Based Repayment and the Public Financing of Higher Education: The growth in higher education costs has outrun inflation for decades, in part for reasons outside of an institution’s control. This has serious distributional consequences, given that higher education is a quasi-public good that should be...

Avi-Yonah Reviews Kleinbard's We Are Better Than This

Reuven S. Avi-Yonah (Michigan), Why Not Tax the Rich? (reviewing Edward D. Kleinbard (USC), We Are Better Than This: How Government Should Spend Our Money (Oxford University Press, 2014)): Ed Kleinbard’s new book, We Are Better Than This: How Government SHould Spend Our Money (Oxford University Press, 2014), is a...

NY Times: Law Lets IRS Seize Accounts on Suspicion, No Crime Required

New York Times, Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required: For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when...

The IRS Scandal, Day 536

The Atlantic: The House GOP's New War on Incompetence: The Republicans Want to Overhaul Scandal-Plagued Federal Agencies in 2015, the Majority Leader Says: House Republicans haven't officially locked down their majority for next year, but they're already sketching out a legislative agenda for when they do. In a memo to...

TaxProf Blog Weekend Roundup

Saturday: Are You a Chicago-Style (Quantity) or a Harvard-Style (Quality) Scholar? Wilkins Presents How IRS Lawyers Contribute to Sound Tax Enforcement at Florida NYU Technology Prof Bans Student Use of Technology in His Classroom The IRS Scandal, Day 534 Sunday: 2014 on Pace for Record Number of Americans to Renounce...

Dolce & Gabbana tax conviction overturned by Italy's top court

Domenico Dolce and Stefano Gabbana, founders of the high-end Italian fashion label Dolce & Gabbana, are no longer convicted tax evaders. Italy's highest court on Oct. 24 erased two lower court convictions that the duo had participated in what Italian prosecutors called a "sophisticated tax fraud" scheme. Show More Summary

2014 on Pace for Record Number of Americans to Renounce Their U.S. Citizenship; 73% of Americans Living Abroad May Do So

International Tax Blog, 2014 Third Quarter Published Expatriates – Third Highest Ever: Today the Treasury Department published the names of individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the third quarter of 2014. The number of published expatriates for the quarter was 776, which...

WSJ: The New Rules of Estate Planning: Focus Shifts From Estate Tax to Capital Gains, State Death Taxes

Wall Street Journal Tax Report: The New Rules of Estate Planning: For Many Families, the Focus Is Now on Minimizing Capital-Gains Taxes and State Levies, by Laura Saunders: The federal estate tax is no longer the biggest concern for most affluent people who want to avoid taxes on wealth they...

2015 Retirement Plan Limits

This year has flown by and as we get approach year end, the IRS shares the numbers that will impact your 2015 retirement savings limits. 2013 inflation was low enough that we saw no increase in ’14. 2015, however, sees a bit of a bump, so let me share these numbers. Employee contributions to 401(k), […]

The IRS Scandal, Day 535

The Hill: GOP: Majority Would ‘Get to Truth’ on IRS: Republicans vow to put the clamps on the IRS if they sweep to power in November. GOP lawmakers and aides believe that House-passed legislation to limit the IRS’s reach would have a better shot at making it to President Obama’s...

Dolce & Gabbana Cleared Of Tax Evasion, Could Help Lionel Messi Trial

Dolce & Gabbana Are Ruled Innocent of Tax Evasion, Which Could Help Embattled Footballer Lionel Messi, Still Facing Trial In Spain, Even If it's Too Late to Help Wesley Snipes.

73 0f 100 Swiss Banks In Bed With The IRS Are Eyeing The Sofa

73 of the Swiss Banks That Grabbed a U.S. Amnesty Deal Have Second Thoughts, Are Pushing Back, and Want a Better Deal.

Free Speech Is Fundamental, Yet Tax Protesters Get Penalties Or Jail

IRS and Canada Are Both Ramping Up Law Enforcement Efforts Against Tax Protesters. Despite Free Speech, Talking Taxes Can Be Dangerous.

Alibaba Is The New Amazon In Taxes (Just Ask Yahoo)

Alibaba is Making Money for Yahoo, Money for Chinese Companies in its Network and Money for Investors. But What About U.S. Taxes?

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