Sunday, February 18, 2018
There is a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads, with a new paper debuting on the list at #5.
- [32,029 Downloads] The Games They Will Play: An Update on the Conference Committee Tax Bill, by Ari Glogower (Ohio State), David Kamin (NYU), Rebecca Kysar (Brooklyn) & Darien Shanske (UC-Davis) et al.
- [1831 Downloads] Understanding the Tax Cuts and Jobs Act, by Sam Donaldson (Georgia State)
- [964 Downloads] Federal Income Tax Treatment of Charitable Contributions Entitling Donor to a State Tax Credit, by Joseph Bankman (Stanford), David Gamage (Indiana), Jacob Goldin (Stanford) & Daniel Hemel (Chicago) et al.
- [645 Downloads] Is New Code Section 199A Really Going to Turn Us All into Independent Contractors?, by Shu-Yi Oei (Boston College) & Diane M. Ring (Boston College)
- [427 Downloads] The Tax Lifecycle Of A Single Member LLC, by F. Philip Manns Jr. (Liberty) & Timothy M. Todd (Liberty)
Saturday, February 17, 2018
- The IRS Scandal, Day 1740: Former AG Eric Holder Says DOJ Should Not Have Apologized For IRS Targeting Of Tea Party Groups
- Jerry Organ (St. Thomas), 2018 Applicant Pool Projection Update: Good News For Highly-Ranked Law Schools
- Number Of Americans Renouncing Their U.S. Citizenship Fell In 2017, The First Decline In Five Years
- Rob Anderson (Pepperdine), A New Method Of Law Faculty Compensation: Scholarly Residuals From Citations
- FBI, IRS Raid Dallas Offices Of Tax Lawyer Joe Garza
- ABA Approves Online JDs At Syracuse, Southwestern
- Bryan Camp (Texas Tech), Lesson From The Tax Court: Arguments Are Not Evidence
- New Charges Filed Against Two Suspects In Dan Markel's Murder
- ABA Proposes To Double (To 30) The Number Of Credits Law Students Can Earn Online, Including 10 For 1Ls
- Bill Belichick's Five Leadership Lessons
Friday, February 16, 2018
Weekly SSRN Tax Article Review And Roundup: Scharff Reviews Shaviro's A Requiem For The Destination-Based Cash Flow Tax
- ABA Journal, Does ideology influence editors' law review picks? Study finds a correlation
- Robert Anderson (Pepperdine), Scholarly Residuals for Faculty Compensation
- Adam S. Chilton (Chicago ), Jonathan S. Masur (Chicago), & Kyle Rozema (Chicago), Political Discrimination in the Law Review Selection Process
- E. Scott Fruehwald (Legal Skills Prof Blog), Understanding and Overcoming Cognitive Biases For Lawyers And Law Students: Becoming a Better Lawyer Through Cognitive Science: Chapter One
- American Lawyer, Taxing Questions for Law Firms Looking to Benefit in the New Regime
- Bloomberg, Look! Suddenly Republicans Don't Hate the IRS
- Bloomberg, Mnuchin Says Tax Law Guidance on Pass-Throughs 'Coming Soon'
- Bloomberg, Trump Proposes 'Reciprocal Tax' on Imports
- Bloomberg, Trump’s Tax Law Could Make Divorces More Bitter
Caroline D. Ciraolo (Kostelanetz & Fink, Washington, D.C.; former Acting Assistant Attorney, U.S. Department of Justice Tax Division) presents The Impact of Global Tax Enforcement at San Francisco today as part of the E. L. Wiegand Visiting Fellow Lecture Series:
Wall Street Journal, U.S. to Block Tax-Law Loophole on ‘Carried Interest’:
Thursday, February 15, 2018
Gabriel Zucman (UC-Berkeley) presents Tax Evasion and Inequality (with Annette Alstadsæter (Norwegian University of Life Sciences) & Niels Johannesen (University of Copenhagen)) at UCLA today as part of its Tax Policy and Public Finance Colloquium Series hosted by Jason Oh and Kirk Stark:
Sanchirico Presents Optimal Redistributional Instruments In Tax Policy And Law & Economics Today At Duke
Adam S. Chilton (Chicago ), Jonathan S. Masur (Chicago) & Kyle Rozema (Chicago), Political Discrimination in the Law Review Selection Process:
New York Times op-ed: Reagan’s ‘Party of Ideas’ Is Down to Just One: Tax Cuts, by Mike Lofgren (author, The Deep State: The Fall of the Constitution and the Rise of a Shadow Government (2017)):
- IR-2018-7, IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered
- Notice 2018–01, Revocation, Limitation, or Denial of Passport in Case of Certain Tax Delinquencies
- IRS, Revocation or Denial of Passport in Case of Certain Unpaid Taxes
Wednesday, February 14, 2018
Wall Street Journal, The New Tax Law:
- Alternative Minimum Tax
- Child and Dependent Tax Credits
- Deductions for Charitable Donations
- Education-Savings Accounts (529)
- Estate and Gift Tax
- Home Sellers’ Exemption
- How Will the Tax Overhaul Affect the Economy?
- Individual Health-Insurance Mandate
- Interest Payments on Business Debt
Following up on yesterday's post, ABA Proposes To Double (To 30) The Number Of Credits Law Students Can Earn Online, Including 10 For 1Ls:
National Law Journal, ABA Set to Loosen Restrictions on Online Law Classes:
Southwestern Law School Blog, ABA Grants Southwestern a Rare and Coveted Blended Education Variance:
Florida Offers 7-8 Graduate Tax Program 85% Tuition Scholarships To Serve As Student Editors Of The Florida Tax Review
Following up on last week's post, Northwestern Offers 6-8 Graduate Tax Program Tuition Scholarships To Serve As Student Editors Of The Tax Lawyer: Press Release, UF Law Tax Students Can Receive Up To 85% Tuition Discount as Editors of Florida Tax Review:
8th Circuit Rejects Unsuccessful Iowa Legal Writing Faculty Candidate's Claim Of Discrimination Due To Her Conservative Views
Following up on my previous posts (links below): Teresa MANNING, formerly known as Teresa R. Wagner, Plaintiff-Appellant v. Carolyn JONES, Dean, Iowa College of Law (in her official and individual capacities), Defendant-Appellee. Gail B. Agrawal, Dean, Iowa College of Law (in her official and individual capacities), Defendant, 875 F.3d 408 (8th Cir. 2017):
Wall Street Journal, New Tax Law Haunts Companies That Did ‘Inversion’ Deals:
Tuesday, February 13, 2018
Vanessa S. Williamson (Brookings Institution) presents Read My Lips: Why Americans Are Proud to Pay Taxes (Princeton University Press 2017) at NYU today as part of its Tax Policy Colloquium Series hosted by Lily Batchelder and Daniel Shaviro:
Dallas Morning News, FBI and IRS Raid Dallas Offices of Tax Planning Attorney, Say Neighboring Tenants:
ABA Proposes To Double (To 30) The Number Of Credits Law Students Can Earn Online, Including 10 For 1Ls
Former Yale President: CEOs Should Invest Tax Cut Windfall In Workers' Human Capital, Not Bonuses And Buybacks
Following up on my previous posts (links below): Law.com, Cooley Law School Seeks Confidential ABA Accreditation Records:
Monday, February 12, 2018
Applicant Pool Projection Remains at 61,000 to 63,000
Two months ago, I posted a blog with projections for the 2018 application cycle based on the initial Current Volume Report from the LSAC. I am writing now to update the applicant pool projection and provide some further analysis regarding the composition of the applicant pool.
The applicant pool remains up nearly 10% over last year as of late January. As of January 19, there were 29,287 applicants at a point in time when 48% of the final applicant count had been received last year. That extrapolates to approximately 61,000 applicants. As of February 3, there were 35,974 applicants at a point in time when 58% of the final applicant count had been received last year. That extrapolates to approximately 62,000 applicants. So, at the moment, we probably still can anticipate a total applicant pool for the year in a range from 61,000 to perhaps 63,000, depending upon exactly how things unfold over the coming months.
A total applicant pool of 61,000-63,000 would be the largest applicant volume since the 2011-2012 admissions cycle, which saw a total applicant pool of roughly 67,900. For the last four years, the applicant pool has hovered around 55,000-56,000. (Note that due to changes in LSAC reporting on total applicant pool starting in 2016, the comparisons with prior years are not exactly apples to apples.)
Fall 2018 First-Year Class May Be 40,000-41,000
If the percentage of applicants who become matriculants remains around 66% for the current admissions cycle (roughly the average over the last several years as show in Table 1), the entering class in fall 2018 would be between 40,000 and 41,000 first-year students (up roughly 10%).
Improvement in Strength of Applicant Pool (and Matriculants)
While the increasing size of the applicant pool is certainly good news for law schools, for highly-ranked law schools there is some even better news buried in the details of the Current Volume Report. From 2010 to 2017, while the overall applicant volume declined from roughly 87,900 to roughly 56,000, the “composition” of the entering class profile also shifted. During this period, the percentage of applicants and matriculants with a high LSAT of 165 or higher declined, with the percentage of applicants dropping from over 14% to less than 12%, and the percentage of matriculants dropping from just over 18% to just over 15%.
TABLE 1 -- Percentage of Applicants and Matriculants with a High LSAT Score of 165 or Higher from 2010-2017 Based on National Decision Profile Data