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Move In Together, Buy a House, Beware of the Tax Consequences

A recent Tax Court case, Jackson v. Comr., T.C. Summ. Op. 2016-33, demonstrates why couples who decide to live together in a house that they purchase need to be scrupulous about keeping records that proves there is a co-ownership between them. Show More Summary

Johnson:House Votes To Dump Chevron And Auer

TaxProf Blog op-ed: House Votes to Dump Chevron and Auer, by Steve R. Johnson (Dunbar Family Professor of Law, Florida State): On July 12, 2016, the U.S. House of Representatives passed H.R. 4768, the Separation of Powers Restoration Act (SOPRA). The vote was 240 to 171, mostly along party lines....

Lawyer Denies Adelson Family's Involvement In Markel's Murder, Fingers Florida State Students, Blog Readers As Possible Suspects

The Orlando Sun-Sentinel has a long (2,200 word) article on Dan Markel's murder, FSU Law Professor Fought Ex-wife in the Courts Until Murderous End. The article includes a lot of detail on Dan's divorce from Wendi Adelson, the animosity between Dan and the Adelson family, and the police's belief that...

Associate Deans Symposium:Student-Edited Law Reviews—Future Publication Platforms

Associate Dean Symposium, Student-Edited Law Reviews: Future Publication Platforms, 32 Touro L. Rev. 235-74 (2016) Sudha Setty (Associate Dean for Faculty Development & Intellectual Life, Western New England), Student-Edited Law Reviews Should Continue to Flourish, 32 Touro L. Rev. 235 (2016) Katharine T. Schaffzin (Director of Faculty Development, Memphis), The...

The IRS Scandal, Day 1166

The Daily Signal, House Conservatives Explain Latest IRS Chief Impeachment Push: ‘Leadership Has Been Too Timid to Go After Corruption’: The House Freedom Caucus has launched a pressure play against Republican leadership in an effort to force a vote on impeaching John Koskinen, commissioner of the Internal Revenue Service. Before...

TaxProf Blog Weekend Roundup

Saturday: This Week's Ten Most Popular TaxProf Blog Posts NY Times: Law Firms Offer Cash to Help New Lawyers Pay Student Loans—Like 'Sushi In The Workplace Cafeteria'? WSJ: Europe's Tax Punishers University Of Memphis Gives Adjuncts 40% Raise; Adjunct Teaching Full Load Would Earn Less Than Minimum Wage (But No...

5 sales-tax-free states are perfect places to enjoy National Ice Cream Day

Happy National Ice Cream Day! Yep, it's a real holiday, celebrated each year on the third Sunday in July as part of National Ice Cream Month. So many ways to enjoy ice cream on National Ice Cream Day and any/every day. The yummy dairy product day and month were so designated in 1984 by a proclamation from then President Ronald Reagan. Show More Summary

IRS Rejects 501(c)(3) Status For DNC Convention As Too Partisan, Causing Donors To Pull Out Due To Lost Deductions; DNC Devises Workaround To Funnel Contributions Through Philadelphia Convention Bureau

Following up on my previous posts (here and here): Philadelphia Inquirer: Turned Down by the IRS, Philly's DNC Host Committee Goes for Plan B: The IRS has turned down the long-running effort by the Democratic convention's Philadelphia host committee to win a tax exemption. Word of the decision, a setback...

NY Times Op-Ed:The Carried Interest Non-Loophole

New York Times Deal Book: The Carried Interest Loophole? What Loophole?, by Steven B. Klinsky (Founder & CEO, New Mountain Capital): Many politicians want to close the carried interest tax loophole for private equity managers. The only problem is, no such loophole exists.... Carried interest is just another term...

Revised Bar Passage Accreditation Standard Threatens Compliance With Diversity Standard

Law Practice Today: Proposed ABA Law School Accreditation Standard 316: A Threat to Diversity in Law Schools and the Legal Profession?, by Robert Furnier: On the one hand, the amendment to Standard 206 (Diversity and Inclusion) would strengthen the obligation that law schools “demonstrate by concrete action a commitment to...

The IRS Scandal, Day 1165

Washington Examiner, How Conservatives Hope to Win the IRS Impeachment Vote: Conservative lawmakers behind the resolution to impeach IRS Commissioner John Koskinen have a not-so-secret weapon that they hope will lead to a successful impeachment vote in September: public outrage. Reps. Tim Huelskamp, R-Kan., and John Fleming, R-La., made a...

Digital download tax starts Aug. 1 in Pennsylvania

Attention Pennsylvania digital aficionados, your electronic addictions are about to cost you a bit more. Gov. Tom Wolf on July 13 signed into law his state's fiscal 2017 revenue package. Among its provisions is an extension of the Keystone...Show More Summary

This Week's Ten Most Popular TaxProf Blog Posts

Law Professor Pens 6-Page Response To Students Who Criticized Her 'Black Lives Matter' Shirt WSJ Op-Ed: After 20 Years Of Teaching, I Am Banning Laptops In My Law School Classroom IRS Sues Facebook For Billions In Undervalued IP Assets In 2010 Irish Transfers Law Review Editor And Prof Spar After...

NY Times:Law Firms Offer Cash to Help New Lawyers Pay Student Loans—Like 'Sushi In The Workplace Cafeteria'?

New York Times Deal Book: Firms Offer Cash to Help New Lawyers Pay Student Debt, by Elizabeth Olson: Young lawyers, struggling with tens of thousands of dollars in student debt, are finding relief from a new source: their employers. Some law firms are starting to contribute cash to help their...

WSJ:Europe’s Tax Punishers

Wall Street Journal editorial, Europe’s Tax Punishers: What most frightens European leaders about Brexit? Perhaps it is that Britain might make a success of its departure from the European Union. Witness the furious backlash against proposals to improve Britain’s attractiveness to foreign investors. Departing Chancellor George Osborne last week suggested...

Pokémon GO Taxes Are Coming — In Fact, They’re Already Here

Pokémon GO has is wildly popular, and taxing authorities are taking notice. Why not collect a few tax dollars from this craze?

University Of Memphis Gives Adjuncts 40% Raise; Adjunct Teaching Full Load Would Earn Less Than Minimum Wage (But No Adjuncts Teach Full Load Because Of ObamaCare)

Inside Higher Ed, When a 40% Raise Is Just Getting Started: The University of Memphis has proposed a 40 percent increase in minimum adjunct pay, from $1,500 to $2,100 per three-credit-hour course. This marks the first pay raise for adjuncts at the university in three decades. Yet as adjuncts at...

The IRS Scandal, Day 1164

American College of Tax Counsel, Letter to Paul Ryan, Kevin Brady, Nancy Pelosi & Sander Levin (July 13, 2016): On behalf of the Officers and the Board of Regents of the American College of Tax Counsel, I write to express our significant concerns with the resolutions being considered with respect...

Trump’s choice for VP, Mike Pence, is an experienced tax cutter

Donald Trump’s choice for vice president, Indiana Governor Mike Pence, has only run the state since 2013 but he’s already built a reputation as a...

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