Thursday, August 4, 2016
Following up on yesterday's post, Diversity, Consumer Groups At Odds Over Proposed Tougher Bar-Passage Rule For Law Schools: Wall Street Journal, Tougher Bar-Passage Standard for Law Schools Sparks Objections:
Wednesday, August 3, 2016
Press Release, Schumer Urges House of Representatives to Immediately Pass Bipartisan Legislation That Will Block IRS From Taxing Olympic Medals; Senator Says Olympic and Paralympic Athletes Should Not Have To Pay a Victory Tax:
Bret N. Bogenschneider (Vienna), Professional Ethics for the Tax Lawyer to the Holmesian Bad Man, 49 Creighton L. Rev. 775 (2016):
The University of Utah S.J. Quinney College of Law invites applications for faculty positions at the rank of associate professor (tenure track), professor (with tenure), or career line (long-term clinical or other non-tenure track, rank consistent with experience) beginning academic year 2017-2018:
National Law Journal, Diversity, Consumer Groups at Odds over Tougher Bar-Pass Rule Proposed for Law Schools:
Tuesday, August 2, 2016
Does Vic Fleischer's Appointment As Senate Finance Committee Co-Chief Tax Counsel Imperil Tax Reform, Or Give It A Shot In The Arm?
- Vic Fleischer Named Co-Chief Tax Counsel For Democrats On Senate Finance Committee (July 20, 2016)
- Vic Fleischer—'The Closest Thing The Tax World Has To A Rock Star'—Goes To Washington (July 25, 2016)
- Conservative Backlash Against Vic Fleischer's Appointment As Co-Chief Tax Counsel For Senate Finance Committee Democrats (July 26, 2016)
Forbes: Senator Ron Wyden Endangers Tax Reform With Hire of Radical Partisan Victor Fleischer, by Ryan Ellis:
Wall Street Journal, U.S. Aims to Clamp Down on Tactic to Avoid Estate Tax:
Just in time for 1Ls starting classes in a few weeks, Tracey E. George (Vanderbilt) and Suzanna Sherry (Vanderbilt) have published the second edition of their wonderful book, What Every Law Student Really Needs to Know: An Introduction to the Study of Law (Wolters Kluwer 2016). Tracey and Suzanna have posted a 12-page introduction to the book on SSRN:
Last month, I blogged the stunning news that the National Advisory Committee on Institutional Quality and Integrity (NACIQI) voted to recommend that the U.S. Department of Education suspend for one year the ABA's power to accredit new law schools due to the ABA's "lack of attention to student achievement." The transcript for that meeting has now been released, and it is an extraordinary shot across the bow of legal education and the ABA. I encourage folks to read the riveting back and forth, beginning at page 168. The committee essentially accused the ABA of being Nero, fiddling while much of legal education burns down.
The committee said the ABA was focused on minutia. On its own, the committee raised virtually every hot button issue facing legal education: rising tuition and student debt, declining bar passage and job placement rates, accreditation standards that drive up costs and for which the ABA admitted it had no data to support the educational benefit, protecting faculty at the expense of students, and the ABA's failure to punish law school perfidy.
The ABA Journal covers the hearing in Federal Panel 'Sent a Signal' to ABA About Law School Loans and Accreditation Enforcement. Deborah Jones Merritt (Ohio State) has a detailed (1,800 word) description of the hearing at Law School Cafe:
Judicial Watch Press Release, FBI Interviews with Cincinnati IRS Employees Reveal DC Headquarters Delayed Tea Party Applications:
- Daily Caller, New FBI Docs Show IRS Tea Party Applications To ‘Black Hole’
- News Max, Judicial Watch: IRS Buried Tea Party Tax-Exemption Bids
Monday, August 1, 2016
NALP breaks down the salary distribution in the six states with 95% of the BigLaw jobs: California, Florida, Illinois, New York, Texas, and Washington D.C.:
NALP provides salary distribution charts for each of the six states. Florida and New York offer the biggest contrasts:
Chronicle of Higher Education, To Ease Professors Into Retirement, a ‘Terminal Sabbatical’:
IRS Acquiesces In Ninth Circuit Decision Giving Unmarried Couples Double The Mortgage Interest Deduction Available To Married Couples
The IRS has issued AOD 2016-02, 2016-31 IRB 193 (Aug. 1, 2016), acquiescing in the Ninth Circuit's decision in Voss v. Commissioner, 796 F.3d 1051 (9th Cir. 2015), which held that the § 163(h)(3) limitations on the deductibility of mortgage interest ($1 million of acquisition indebtedness plus $100,000 of home equity indebtedness) are applied on a per-taxpayer basis (for a total of $2.2 of mortgage debt for unmarried couples), rather than on a per-residence basis (and thus limited to $1.1 of mortgage debt for married couples), as previously argued by the IRS and decided by the Tax Court (138 T.C. 204 (2012)).
Harrison, Alum Debate State Of Florida Grad Tax Program: Is 80% Acceptance Rate A Sign Of Trouble, 45% Yield A Sign Of Strength?
RSS Feeds: You can subscribe to one of three different feeds to receive TaxProf Blog posts via your RSS reader:
- All Posts will send you all blog posts
- Tax Posts will send you only tax-related blog posts
- Legal Education will send you only law school-related blog posts
Email: You can subscribe to receive TaxProf Blog posts via email through one of three approaches:
- FeedBlitz: Enter your email address here to receive TaxProf Blog posts via email, delivered to you either daily, every 12 hours, every 8 hours, every 4 hours, or hourly (at your option).
- TaxProf Blog Tax Email Service: Email me to be added to my twice daily (during the week) and once daily (on the weekend) emails to the TaxProf Discussion Group with titles and links to recent TaxProf Blog posts on tax topics.
- TaxProf Blog Legal Education Email Service: Email me to be added to my email distribution list with titles and links to recent TaxProf Blog posts on legal education topics.
TaxProf Blog participates in the amazon.com affiliate program. You can help support TaxProf Blog at no cost to you by making purchases through Amazon links on the blog and through the "Shop Amazon" tab on the header at the top of the blog:
and the search box in the right column of the blog:
- This Week's Ten Most Popular TaxProf Blog Posts
- Tennessee Seeks To Hire A Tax Clinician
- Hillary Clinton Moves Left On Taxes
- Why Are Older Women Leaving Big Law?
- The IRS Scandal, Day 1178
- The Hunger Games: Valparaiso Law School Edition
- Buckles: Religious Colleges That Embrace Heterosexual Monogamy Should Retain Their Tax Exemption Under Bob Jones, Despite Obergefell
- The Top 5 Tax Paper Downloads
- Are Big Law Firms Wrecking Capitalism?
- The IRS Scandal, Day 1179
Sunday, July 31, 2016
Buckles: Religious Colleges That Embrace Heterosexual Monogamy Should Retain Their Tax Exemption Under Bob Jones, Despite Obergefell
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:
- [304 Downloads] Dark Pools, High-Frequency Trading, and the Financial Transaction Tax: A Solution or Complication?, by Doron Narotzki (Akron)
- [264 Downloads] Fiduciary Financial Advice to Retirement Savers: Don't Overlook the Prudent Investor Rule , by Max M. Schanzenbach (Northwestern) & Robert H. Sitkoff (Harvard)
- [211 Downloads] Wealth Management, Tax Evasion and Money Laundering: The Panama Papers Case Study, by Ehi Esoimeme (Cardiff)
- [187 Downloads] The U.S. Response to OECD-BEPS and the EU State Aid Cases, by Daniel Shaviro (NYU)
- [167 Downloads] The Trojan Horse of Corporate Integration , by Edward D. Kleinbard (USC)
Saturday, July 30, 2016
- If Black Lives Matter At Whittier, Shouldn't Law School Address Graduates' Abysmal Bar Passage And Employment Rates?
- Visualizing How Fortune 500 Companies Use Offshore Tax Havens
- State Outlines Evidence, Witnesses In Markel Murder Case
- Harrison: Florida Is 'Modernizing,' Not 'Dismantling,' Its Graduate Tax Program
- Vermont Law School Seeks $15 Million Federal Loan To Restructure Its Debts Via Sale-Leaseback With Related LLC
- Law Firm Partner Sentenced To Jail For Pretending To Be A Tax Lawyer Also Claimed To Be A Columbia Tax Prof
- Senate Bill Would Exempt Student Loans Discharged For Any Reason From Being Taxed As Income
- Facebook Ignores Seven Summonses From The IRS Demanding Documents On Its Offshore Tax Strategies
- Business Insider: The 50 Best Law Schools In America
- The Future For Law Students, Law Schools, And The Legal Profession
Salt Lake City Tribune, IRS Chief Says Chaffetz’s Drive to Oust Him Will Leave Few Wanting Top Federal Jobs:
Friday, July 29, 2016
Federal Government To Expand Tracking Of Luxury Home Buyers To LA, San Diego, San Francisco & San Antonio
Following up on my previous post, Federal Government To Start Tracking Luxury Home Buyers, Beginning In Miami (>$1m), NYC (>$3m): New York Times, U.S. to Expand Tracking of Home Purchases by Shell Companies:
Heritage Foundation, Big Debt, Little Study: What Taxpayers Should Know About College Students’ Time Use:
Customers Flock To Ride-Sharing Companies Like Uber/Lyft As Higher Taxes Penalize Car-Sharing Companies Like Zipcar/Car2Go
National Law Journal, Law Schools' Tech-Training Conundrum: If We Teach Them, Will They Get Jobs?: