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Canadians Attack U.S. Expat Rules, Decrying ‘Accidental Americans’

A Canadian Group Has Lawyered Up Over 'Accidental Americans' Caught in the IRS Global Tax Net. They Can't Comply and they Can't Renounce, so What's Next? Hire a Lawyer.

The Amazing [Anti-Inversion] Race

There’s tougher talk from Treasury. Secretary Jack Lew affirmed administrative authority to curb inversions, telling Bloomberg that “If Congress doesn’t act, we have to take the steps we can, which will reduce the economic value of inversions.” There’s more talk on the Hill, too. Show More Summary

Tax Prof Moves, 2014-15

Entry Level Hires Tessa Davis (VAP, Tulane) to South Carolina Lateral Moves Howard Abrams (Emory) to San Diego Dhammika Dharmapala (Illinois) to Chicago Michael Doran (Georgetown) to Virginia Mirit Eyal-Cohen (Pittsburgh) to Alabama Will Foster (Washburn) to Arkansas (Fayetteville) Victoria Haneman (La Verne) to Concordia David Hasen (Santa Clara) to...

The U.S. Virgin Islands: A Made-in-America Offshore Tax Haven

Newsweek: A Made-in-America Offshore Tax Haven, by Lynnley Browning: Each month, millions of Americans send a check to Ocwen Financial Corp., a little-known giant in the lucrative if unglamorous business of processing and servicing home mortgages. Handling loan payments, modifying soured mortgages and foreclosing on borrowers is a profitable line...

The Ivy League Is Broken and Only Standardized Tests Can Fix It

The New Republic: The Trouble With Harvard: The Ivy League Is Broken and Only Standardized Tests Can Fix It, by Steven Pinker (Harvard): It’s not surprising that William Deresiewicz’s Don’t Send Your Kid to the Ivy League has touched a nerve. Admission to the Ivies is increasingly seen as the...

Call for Tax Papers: Akron Law Review

From Rich Lavoie: The Akron Law Review is seeking tax articles for its annual tax issue (formerly the stand-alone Akron Tax Journal). For more information or to submit an article, contact Nathaniel Tucker.

The IRS Scandal, Day 489

Washington Post: IRS Chief’s Legal Adviser Spread Word of Missing E-mails to Treasury Lawyer: Internal Revenue Service Commissioner John Koskinen testified this summer that he played no part in spreading word of the agency’s controversial missing e-mails to the Treasury Department or the White House. But one of his closest...

New tax delinquency list up in California, up soon in Vermont

Tax collectors on opposite sides of the United States are hoping that a bit of public shaming will help them get money they say is due. The Vermont Department of Taxes says it will begin issuing lists by end of the year of 100 individual taxpayers and 100 business taxpayers who have the biggest unpaid tax bill. Show More Summary

2015 U.S. News College Rankings

U.S. News & World Report today released its 2014 College Rankings. Here are the Top 25 National Universities and Liberal Arts Colleges (along with their 2011-2013 rankings): 2015 Rank National Universities 2014 Rank 2013 Rank 2012 Rank 1 Princeton 1 1 1 2 Harvard 2 1 1 3 Yale 3...

Remembering Dan Markel

It has been almost two months since the tragic death of Dan Markel. Some updates: There is a memorial service tonight in New York City at NYU from 7:00-9:00 p.m. (registration here). Dan's friends and family have set up a website, Help Us Tell Dan Markel’s Story: The outpouring of...

Zelinsky Presents The Proposed Minnesota Snowbird Tax Today at Minnesota

Edward Zelinsky (Cardozo) presents Apportioning State Personal Income Taxes to Eliminate the Double Taxation of Dual Residents: Thoughts Provoked by the Proposed Minnesota Snowbird Tax, 15 Fla. Tax Rev. 533 (2014), at Minnesota today as part of its Perspectives on Taxation Lecture Series hosted by Kristin Hickman: In the last...

New Earnings Stripping Bill is Fundamentally Unserious

This week, Senator Chuck Schumer (D-NY) released a discussion draft for a bill that would further limit the amount of interest an inverted corporation can deduct from its taxable income. The aim of this bill is to make it harder for inverted corporations to reduce their taxes paid to the U.S. Show More Summary

Dean Gershon: Do Law Schools Need the AALS?

Richard Gershon (Dean, Mississippi), Do Law Schools Need the AALS?: [D]o law schools even need the AALS anymore? Ten years ago, schools would have never asked that question, and new schools were eager to join, because of the enhanced prestige of AALS membership. After all, you wanted to be listed...

Economic Development Officials Call for Special Tax Incentive Session in North Carolina

After North Carolina’s general assembly adjourned without providing renewing several tax credits or offering funding for several economic development programs, municipalities and economic development offices have begun calling for a special session. Show More Summary

Clausing: Swift, Targeted Action Is Needed to Stem Tax Inversions

Kimberly A. Clausing (Reed College), Corporate Inversions: Recently, there has been a spate of corporate inversions, where U.S. multinational corporations have combined with foreign companies, arranging their corporate structure to locate the residence of the resulting corporation in a foreign country with an attractive corporate tax climate. Several features of...

Nearly All States Play the Lottery, But None Are Big Winners

Wyoming residents no longer have to cross the border to purchase Powerball tickets. On Aug. 24, Wyoming became the 44th state to legalize a lottery. Proponents laud these games as an easy source of funds for schools and other public services. Show More Summary

Tax Roundup, 9/9/14: The $63 Question Edition. And: is there such thing as an influential accountant?

Asking the judge the 63-dollar question.  CPA practitioners sue to stop PTIN fees (Journal of Accountancy): Two CPAs have filed suit […]

Inversions, Loopholes, Taxes and TIFs: What’s a Revenue Service to Do?

Inversions: The waiting is the hardest part. At yesterday’s TPC event Treasury Secretary Jack Lew promised an anti-inversion decision “soon,” but committed to no other details. While everybody agrees corporate inversions are done largely...Show More Summary

Call for Papers: BC-ACTEC Symposium on The Centennial of the Estate Tax: Perspectives and Recommendations

Boston College Law School and The American College of Trust and Estate Counsel have issued a Call for Papers for a symposium on The Centennial of the Estate Tax: Perspectives and Recommendations, to be held at Boston College Law School on Friday, October 2, 2015: The symposium will examine the...

COD Income and Student Loan Debt Forgiveness

Kiran Sheffrin (Cravath, New York), Trapped by Forgiveness: Taxing COD Income, 144 Tax Notes 1191 (Sept. 8, 2014): In this article, Sheffrin discusses the student loan debt crisis and problems with the current proposals for reform. She identifies two ways that the tax treatment of forgiven student loans can be...

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