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“Lump-Sum” Distributions From U.K. Pensions

Today we updated our flowchart analyzing the U.K.-U.S. Income Tax Treaty (the “Treaty”) as it applies to the taxation of U.S. and U.K. pensions. There has been significant uncertainty regarding the definition of the term “lump-sum” in Article 17(2) of the Treaty. Show More Summary

House And Senate Tax Bills Bar Lawyer Tax Write-Offs For Costs

Contingent fee lawyers must usually front all costs, but usually cannot write off the costs on their taxes until the very end of the case. Congress is about to make this harsh rule even more pervasive.

Robots Doing Tax Planning?

A bit more than a year ago, in Robots Doing Tax Returns?, I explained the reasons I hesitate to jump on the “let the robots prepare tax returns” bandwagon. After pointing out the shortcomings of self-driving vehicles and allegedly intelligent...Show More Summary

Weekly Legal Education Roundup

Margaret Martin Barry (Vermont), Robert Dinerstein (American), Phyllis Goldfarb (George Washington), Peggy Maisel (FIU) & Linda Morton (Cal Western), Exploring the Meaning of Experiential Deaning Paul Caron (Dean, Pepperdine), Fall 2018 Law School Admissions Season Opens With A Bang: Applicants Are Up 14.2% Neil W. Hamilton (St. Thomas), The Next...

Tax Policy In The Trump Administration

Tax Profs: Reuven Avi-Yonah (Michigan), The Triumph of BEPS: US Tax Reform and the Single Tax Principle Reuven Avi-Yonah (Michigan), Lily Batchelder (NYU), Clifton Fleming (BYU), David Gamage (Indiana), Ari Glogower (Ohio State), Daniel (Hemel), David Kamin (NYU), Mitchell Kane (NYU), Rebecca Kysar (Brooklyn), David Miller (Proskauer Rose), Darien Shanske...

Students From Elite Law Schools Vow to Combat Mental Health Suffering On Campuses

Law.com, Students From Elite Law Schools Vow to Combat Mental Health Suffering on Campuses: The student leaders from 13 of the nation’s top law schools have pledged to broaden mental health initiatives on their campuses and to fight the stigma of seeking treatment. The pledge comes at a time that...

The Most Underrated Law Schools In America

Following up on my previous posts: Law School Rankings By Student Quality (LSAT And UGPA) (July 25, 2017) Are LSAT/GPA A Leading Indicator, And Peer Reputation A Lagging Indicator, Of The U.S. News Overall Rankings? (Sept. 20, 2017) The Seven Most Underrated Law Schools: Christopher Ryan of Vanderbilt University and...

Without Guiding Principles, The TCJA Is Becoming A Magnet For Special Deals

Tax reform is hard enough when it is based on a set of principles around which Congress can write a new law. But when lawmakers...

Why the End of This Year Is the Worst Possible Time to Pass Tax Reform

Sam Wice, Why the End of This Year Is the Worst Possible Time to Pass Tax Reform, Yale J. on Reg.: Notice & Comment (2017): Republicans hope to pass tax reform before Christmas so that they can go back to their constituents over the Winter Holidays and talk about their...

Joe Bankman Co-Hosts Stanford Legal Radio Show On SiriusXM

Press Release, Stanford Legal To Launch on SiriusXM: Stanford Law School announced today the launch of Stanford Legal, a new bi-weekly show that will get to the core of some of the legal issues making headlines today. Stanford Legal, part of SiriusXM’s programming arrangement with Stanford University, will premiere on...

Questions On California Bar Exam Line Up With Lawyer Jobs Data

ABA Journal, Questions on California Bar Exam Line Up With Lawyer Jobs Data, Study Finds: The content of the California bar exam lines up with national surveys about skills expected for first-year lawyers, but a state-specific assessment would be helpful, according to a recent content validation study from the State...

Initial Fall 2018 Enrollment Projections Reflect Increases In Applicant Volume And Strength

Applicant Pool Projection – 61,000 to 63,000 With the first release of this admission cycle’s Current Volume Summary from the LSAC, we have the opportunity to compare the current applicant cycle data with that in prior years. The good news reported by LSAC and posted here on TaxProf Blog by...

Thompson: Taxing Trump And Curry Under The Republican Plan

Following up on my previous post, The Only Person Mentioned In The Republican Tax Bill Is... Steph Curry: Samuel C. Thompson, Jr. (Penn State), Taxing Trump and Curry under the Republican Plan, 157 Tax Notes 1149 (Nov. 20, 2017): It looks like the Republicans will be successful in enacting...

Tax reform conferees named. Let the tax mixing begin!

The House and Senate have officially agreed to hash out their respective tax reform differences. Both chambers passed their own versions of H.R. 1, the Tax Cuts and Jobs Act. Rather than one side accepting the other's bill, they now must come up with a new piece of legislation that incorporates some parts of both. Show More Summary

Is There Anything I Can Do to Stop an IRS Wage Garnishment?

It’s best to try to stop a wage garnishment before it happens. If you owe the IRS back taxes and do not have any arguments for why the tax assessment is improper or incorrect, you should consider entering into an installment agreement or negotiating an Offer in Compromise. This will prevent any collection actions—such as […]

The Senate Would Keep The Individual AMT, But Turn It Into A Very Different Tax

The individual alternative minimum tax (AMT) looks like it may survive yet another tax overhaul. But the latest incarnation of the tax may look very...

 'Holy Crap': Experts Find Tax Plan Riddled With Glitches

Politico, 'Holy Crap': Experts Find Tax Plan Riddled With Glitches: Republicans’ tax-rewrite plans are riddled with bugs, loopholes and other potential problems that could plague lawmakers long after their legislation is signed into law. Some of the provisions could be easily gamed, tax lawyers say. Their plans to cut taxes...

Christina Rice Named Director Of BU Graduate Tax Program

Christina Rice Appointed Director of BU Law’s Graduate Tax Program: Christina Rice (JD’07, LLM’13) has been named the director of Boston University School of Law’s Graduate Tax Program. She has served as a teaching assistant and then as a member of the adjunct faculty teaching tax accounting courses in the...

The Richest 1% Now Own 40% Of The Country’s Wealth

Washington Post, The Richest 1 Percent Now Owns More of the Country’s Wealth Than at Any Time in the Past 50 Years: The wealthiest 1 percent of American households own 40 percent of the country's wealth, according to a new paper by economist Edward N. Wolff [Household Wealth Trends in...

Lawyering In The Nation's Capital

Nancy Hunt is the director of our unique Washington, D.C. externship program located at Pepperdine's property four blocks from The White House at 2011 Pennsylvania Avenue (more here): The Washington, DC, Externship Semester offers students the practical experience of working full-time in a legal capacity for the government, non-profits, or...

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