Friday, May 26, 2017
On August 1, 2016, I announced that, due to my growing other commitments, I was reducing the amount of time that I devote to TaxProf Blog by dropping my weekly tax, legal education, SSRN, and student tax note roundups. Happily, Joe Kristan took over the weekly tax roundup, Scott Fruehwald took over the weekly legal education roundup, and David Gamage (Indiana), Ari Glogower (Ohio State), Daniel Hemel (Chicago), and Erin Scharff (Arizona State) took over the weekly SSRN roundup — and frankly have done better jobs than I did. (Regrettably, no one volunteered to take over the weekly student tax note roundup and it remains dormant.)
As Joe describes below, this is the 31st and last installment of his weekly tax roundup on TaxProf Blog. On behalf of all of my readers, I thank Joe for sharing his great work with us. Joe belongs on the Mount Rushmore of tax bloggers. We will miss him greatly.
As I get ready to assume the Pepperdine deanship on June 1 (more here, here, here, here, and here), I am struggling to fulfill my commitment to continue TaxProf Blog. If you are a law professor who has found TaxProf Blog a helpful resource and would like to help it continue by contributing legal education or tax content on a regular basis, please email me.
Friday, May 19, 2017
Friday, May 12, 2017
Friday, May 5, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a recent Tax Court case disallowing the deductions from a bed and breakfast operated out of Larry Bird's former home under the vacation home rules.
Friday, April 28, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a rare Tax Court victory for a taxpayer who succeeded in being treated as a real estate professional for purposes of the passive loss rules.
Friday, April 21, 2017
Monday, April 17, 2017
Diane Ring, Panama Papers: The One-Year Anniversary (Surly Subgroup). "At its core, the leak revealed the true ownership of over 200,000 offshore entities, thereby raising a host of tax and political questions regarding many of the entities’ owners."
Jack Townsend, Court Denies Motion to Dismiss Counts Against Tax Shelter Lawyer. “I will cut and paste Judge Rakoff’s discussion about § 7212(a) which I think offers good review for tax crimes lawyers.”
Friday, April 14, 2017
Friday, April 7, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a recent Tax Court case holding that an employer of a independent contractor reclassified as an employee is not liable for failing to withhold taxes if the employee pays the taxes on her own.
Friday, March 31, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses the Tax Court's recent reminder about the limits of management fees in shifting income for tax planning purposes.
Friday, March 24, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a recent Tax Court case denying a couple's claimed $18,000 charitable deduction for used clothing donated to their church.
Friday, March 17, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a recent Tax Court case highlighting the difficulty S corporation shareholders face in overcoming the way an item is characterized on a K-1.
Friday, March 10, 2017
Friday, March 3, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a Tax Court case illustrating the importance of complying with the technical requirements for deducting gifts of long-term capital gain property to charity.
Friday, February 24, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) highlights the lesson of a recent Tax Court case: friends shouldn't let friends claim the business bad debt deduction:
Friday, February 17, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses how a dentist kept adequate records to beat the IRS's claim that he did not materially participate in his real estate business:
Friday, February 10, 2017
Friday, February 3, 2017
Friday, January 27, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) describes a recent Tax Court decision rejecting the IRS's attempt to attribute wages to an attorney from his failing S corporation law firm.
Friday, January 20, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) describes how the Tax Court's treatment of a plastic surgeon's claim that his interest in a surgery center was a passive activity, distinct from his medical practice.
Friday, January 13, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) describes a recent Tax Court case in which the judge rejected a taxpayer's attempt to be treated as a real estate professional for passive loss purposes because of his unsubstantiated assertions that he spent 750 hours per year working on real estate activities.
Friday, January 6, 2017
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) uses a recent IRS ruling to discuss how the accumulated earnings tax on C corporations may take on increased importance in a reformed tax code emerging from the Trump Administration and the 115th Congress.
Friday, December 30, 2016
Friday, December 16, 2016
Friday, December 9, 2016
Friday, December 2, 2016
Friday, November 25, 2016
Friday, November 18, 2016
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses the importance of keeping good mileage records if you plan on deducting expenses incurred in the business use of a car (even an Aston Martin).
Friday, November 11, 2016
This week, Joe Kristan (CPA & Shareholder, Roth & Company (Des Moines, Iowa); Editor, Tax Update Blog) discusses a recent Tax Court case that illustrates the need for a “'sauce for the gander' rule that allows taxpayers to receive penalty payments from the IRS on the same basis as the IRS can impose penalties on taxpayers taking lame positions."
Friday, November 4, 2016
Friday, October 28, 2016
Friday, October 21, 2016
Note from Paul Caron: As I explained on August 1, due to my growing other commitments, I have taken steps to reduce the amount of time I devote to TaxProf Blog. I previously have announced that:
- Scott Fruehwald of our Legal Skills Prof Blog has taken over the weekly legal education roundup
- David Gamage (UC-Berkeley, moving to Indiana), Ari Glogower (Ohio State), and Daniel Hemel (Chicago) have taken over the weekly SSRN tax roundup and added a new feature: a review of one of the papers posted on SSRN each week:
Today, I am pleased to announce that Joe Kristan, CPA & Shareholder, Roth & Company (Des Moines, Iowa), and editor of Tax Update Blog, one of my favorite tax blogs, has taken over the weekly tax roundup. (I took a side trip to meet with Joe when I went to my son's first Grinnell College soccer game in 2009.) I am delighted that Joe is adding a new feature to the roundup: a discussion of one of the week's important tax developments (often a Tax Court decision).
In this week's inaugural post, Joe discusses Hicks v. Commissioner, T.C. Summ. Op. 2016-68 (Oct. 17, 2016), in Good Records Do Not a Business Mile Make:
Friday, July 15, 2016
- Americans for Tax Fairness, New Report: Gilead Sciences Price Gouger, Tax Dodger
- American Thinker, The Hillary Affair and its Repercussions to the American Taxation System
- Bloomberg, Gilead Seen Cutting Taxes by $10 Billion as Pricey Drug Took Off
- Bloomberg, Spain Pledges to Raise 6 Billion Euros More From Corporate Tax
Friday, July 8, 2016
- The Atlantic, How to Force Donald Trump to Release His Tax Returns
- American Enterprise Institute, Is Corporate Integration a Good Idea?, by Alan Viard
- Bloomberg, Messi’s 21 Months in Prison Is Another Penalty He May Miss
- Bloomberg, Wells Fargo’s Partial Tax Victory May Spur Billions in Refunds, by Lynnley Browning
Friday, July 1, 2016
- Bloomberg, Hedge Funds Still Can't Figure Out a Way to Avoid a $25 Billion Tax Bill
- Bloomberg, Hong Kong’s Richest Man Calls for Higher Tax Amid Wealth Gap
- Bloomberg, Oil Investor Zukerman Pleads Guilty in Tax Evasion Case
- Bloomberg, Paul Ryan's Tax Blueprint Looks A Lot Like Trump's
Friday, June 24, 2016
- Accounting Today, Accountant Who Hid on Appalachian Trail Jailed for Embezzling Millions from Pepsi Bottler
- Bloomberg, UBS Gives IRS Records on U.S. Citizen’s Account in Singapore
- Bloomberg BNA, California Awards Millions in Tax Credits for Housing, TV Shows, Economic Development, by Jason Plotkin
- Bloomberg BNA, Homestead Tax Exemption Fraud is on the Rise, but Lawmakers Are Cracking Down, by Cynthia Wells
Friday, June 17, 2016
- Bloomberg BNA, Extending Tax Relief to Organizations that Assist Victims of Mass Casualty Crimes, by Ernst Hunter
- Bloomberg BNA, Which MTC Statement Did Your State Adopt and Why Does it Matter?, by Lindsay Trasko
- Bloomberg BNA, Who’s Next? Motion for Reconsideration of Indicted Tax Court Judge’s Ruling, by Tammara Madison
- Don't Mess With Taxes, Digital IRS Is Costing Those Who Can Least Afford It, by Kay Bell
Friday, June 10, 2016
- Bloomberg, EU Financial-Transaction Tax Push May Soon Grind to a Halt
- Bloomberg, Greek Merchants Cry Foul as Netflix, Airbnb Escape New Taxes
- Bloomberg, Political Tax Avoidance Chokes Off Infrastructure Investment
- Bloomberg, Robin Hood’s Men Aren’t So Merry in Russell Crowe Taxes Lawsuit
Friday, June 3, 2016
- Bloomberg, Abe Tells Officials He Plans to Delay Sales Tax Increase
- Bloomberg, India's `Google Tax' May Backfire
- Bloomberg, ‘Operation Tulip’ Takes Prosecutors Offline for Google Tax Raid
- Bloomberg BNA, States Propose Income Tax Changes for the Rich and Poor, by Jason Plotkin
Friday, May 27, 2016
- Bloomberg, Airbnb Talking to 100-Plus Cities in Bid to Address Tax Concerns
- Bloomberg, Oil Investor Zukerman Dodged $45 Million in Taxes, U.S. Says
- Bloomberg, States Eye Wallets of Richest Residents With Income-Tax Measures
- Bloomberg BNA, Carried Interest, Issue in Presidential Race, Smolders in FASBlandia, by Steve Burkholder
Friday, May 20, 2016
- ABC News, Trump Team Revises Golf Course Value Amid Tax Controversy
- Bloomberg, Clintons’ Speech Fees Plummet as Trump Cites $557 Million Income
- Bloomberg, Millionaires Targeted in L.A. Tax Proposal to Ease Homelessness
- Bloomberg, Tax Dodgers Targeted by Both Sides in U.K. Referendum Campaign
Friday, May 13, 2016
- ataxing matter, Religion and Tax — Not an Easy Issue, by Linda Beale (Wayne State)
- Americans for Financial Reform, Joint Letter: AFR and 7 Allies Call for Crackdown on Another Private Equity Tax Dodge
- Bloomberg, EU Transaction-Tax Plan on Brink as Belgium Inches Toward Exit
- Bloomberg, IRS Official Says Broad Guidance on Spinoffs ‘Not Gonna Happen’
Friday, May 6, 2016
- The Atlantic, The Battle Between Reporters and Tax Officials in Finland
- BBC News, Australia Budget: Multinationals to Be Hit With 'Google Tax'
- Bloomberg, Pfizer Who? Health-Care Deals Bounce Back From Inversion Scare
- Bloomberg, Princeton's Neighbors Say to Heck With Freebies -- We Want Cash
Friday, April 29, 2016
- ABC News, Yale President Defends Ivy League School's Tax-Exempt Status
- Bloomberg, China's About to Start Its Biggest Tax Overhaul in Two Decades
- Bloomberg, EU Seeks Tax Deal to Counter Populists Bolstered by Panama Leaks
- Bloomberg, U.K.'s Top 1% of Earners Now Paying a Quarter of All Income Tax
Friday, April 22, 2016
- The Atlantic, The Fight Over Making Taxes Less Awful
- Bloomberg, Ex-Harvard Head Summers Suggests School Curb Endowment Payout
- Bloomberg BNA, HMRC Allowing Rich to Get Away with Fraud, Say U.K. MPs, by Anjana Solanki
- Bloomberg BNA, New York Budget Expands Incentives for Taxpayers Who Like Alcoholic Beverages and Electric Vehicles (But Not at the Same Time!), by Rishi Agrawal
Friday, April 15, 2016
- American Prospect, How Plutocrats Cripple the IRS
- The Atlantic, The Cost of Corporate Tax Avoidance
- BBC News, Politicians' Taxes: Who's Published What
- Bloomberg, Amid Inversion Crackdown, IRS Blesses Delphi's British Domicile
Friday, April 8, 2016
- Rishi Agrawal (Bloomberg BNA), Buzz Over New Tesla is Electric, but Will Tax Breaks be Available?
- Kay Bell (Don't Mess With Taxes), Tax Moves to Make on April 18 and Beyond
- Bloomberg TV, Canada Has 'Lousy Track Record' in Prosecuting Tax Evasion: Queen's University's Cockfield
- Bloomberg, For Island of 500,000 Companies, Panama Leaks Unleash Storm
Friday, April 1, 2016
- Accounting Today, Taxing March Madness Pools Is Not a Slam Dunk
- Kay Bell (Don't Mess With Taxes), Letter From Trump Lawyers Confirms IRS Audits
- Bloomberg, America's 83 Million Millennials Get Some Weird Tax Prep Pitches
- Bloomberg, Owe Back Taxes? Lose Your Passport
Friday, March 25, 2016
- Americans for Tax Reform, Letter to Jack Lew on Pfizer Merger
- Kay Bell (Don't Mess With Taxes), Attention White House Wannabes: The IRS Audits Presidential Tax Returns Every Single Year
- René Blocker (Bloomberg BNA), Nothing To Sneeze At: Allergy Sufferers Could Use Some Tax Relief, Too
- Citizens for Tax Justice, Letter to Treasury Department on Inversion Regulations
Friday, March 18, 2016
- ABA Journal, Strip-Club Lawyer Threatens to 'Go Scorched Earth' and Issues F-Bomb Tax Threat
- Albany Times Union, Western NY Lawmakers Want Citigroup to Pay More NY Taxes
- The Blaze, D.C. Tax Experts Evaluate 2016 GOP Candidates’ Plans, Say ‘Magical Thinking’ is Required to Make Them Work
- Bloomberg, Surge Pricing on Your Tax Return: Preparers Squeeze Procrastinators
Friday, March 11, 2016
- Accounting Today, Conservative Groups Oppose Licensing of Tax Preparers
- Kathleen Adcock (Bloomberg BNA), The ABCs of Late Portability Elections
- Rishi Agrawal (Bloomberg BNA), Oklahoma and Louisiana Threaten an End to Tax Credits
- Kay Bell (Don't Mess With Taxes), Trump Is Last Holdout as Kasich Releases Tax Returns