TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, March 15, 2019

Tax Policy In The Trump Administration

Friday, March 8, 2019

Tax Policy In The Trump Administration

Friday, March 1, 2019

Tax Policy In The Trump Administration

Friday, February 22, 2019

Tax Policy In The Trump Administration

Friday, February 15, 2019

Tax Policy In The Trump Administration

Friday, February 8, 2019

Tax Policy In The Trump Administration

Friday, February 1, 2019

Tax Policy In The Trump Administration

Sunday, January 27, 2019

ABA Webinar On The Government Shutdown: Monday 1:00 PM EST

ABA Tax Section (2017)As the IRS and Tax Court reopen (at least for about three weeks), readers might be interested in resources to help them.  The IRS has published a short announcement that answers some basic questions, here.   In addition, the ABA Tax Section is hosting a webinar on the effects of the shutdown on administrative operations and on Tax Court cases. The 1.5 hour webinar is scheduled for Monday, January 28, 2019 starting at 1:00 pm EST.  The cost is $10 for Tax Section members and $25 for non-members.  It is free to Low Income Tax Clinic or other pro-bono attorneys.  

 Topics will include:

  • How the shutdown affected the Service’s issuance of notices;
  • The ways taxpayers and representatives should consider reacting and responding to Service correspondence;
  • The impact of the shutdown on applications for discretionary relief and IRS administrative services; 
  • The Service’s current collection efforts; and
  • The impact on filings with the United States Tax Court.

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January 27, 2019 in Bryan Camp, News, Tax Policy in the Trump Administration | Permalink | Comments (0)

Friday, January 25, 2019

Tax Policy In The Trump Administration

Friday, January 18, 2019

Tax Policy In The Trump Administration

Friday, January 11, 2019

Tax Policy In The Trump Administration

Friday, January 4, 2019

Tax Policy In The Trump Administration

Friday, December 14, 2018

Tax Policy In The Trump Administration

Friday, December 7, 2018

Tax Policy In The Trump Administration

Friday, November 30, 2018

Tax Policy In The Trump Administration

Friday, November 23, 2018

Tax Policy In The Trump Administration

Friday, November 16, 2018

Tax Policy In The Trump Administration

Friday, November 9, 2018

Tax Policy In The Trump Administration

Friday, November 2, 2018

Tax Policy In The Trump Administration

Friday, October 26, 2018

Tax Policy In The Trump Administration

Friday, October 19, 2018

Tax Policy In The Trump Administration

Friday, October 12, 2018

Tax Policy In The Trump Administration

Friday, October 5, 2018

Tax Policy In The Trump Administration

Friday, September 28, 2018

Tax Policy In The Trump Administration

Friday, September 21, 2018

Tax Policy In The Trump Administration

Friday, September 14, 2018

Tax Policy In The Trump Administration

Friday, September 7, 2018

Tax Policy In The Trump Administration

Friday, August 31, 2018

Tax Policy In The Trump Administration

Friday, August 24, 2018

Tax Policy In The Trump Administration

Friday, August 17, 2018

Tax Policy in the Trump Administration

Friday, August 10, 2018

Tax Policy In The Trump Administration

Friday, August 3, 2018

Tax Policy In The Trump Administration

Wednesday, August 1, 2018

Trump Administration's Trial Balloon On Indexing Capital Gains Is Widely Panned

Following up on my previous posts:

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August 1, 2018 in Tax, Tax Policy in the Trump Administration | Permalink | Comments (2)

Friday, July 27, 2018

Tax Policy In The Trump Administration

Friday, July 20, 2018

Tax Policy In The Trump Administration

Friday, July 13, 2018

Tax Policy In The Trump Administration

Friday, July 6, 2018

Tax Policy In The Trump Administration

Friday, June 29, 2018

Tax Policy In The Trump Administration

Friday, June 22, 2018

Tax Policy In The Trump Administration

Friday, June 15, 2018

Tax Policy In The Trump Administration

Friday, June 8, 2018

Tax Policy In The Trump Administration

Friday, June 1, 2018

Tax Policy In The Trump Administration

Friday, May 25, 2018

Tax Policy In The Trump Administration

Hemel: Two Cheers For IRS Guidance On The New State & Local Tax Cap

Following up on yesterday's post, IRS Warns Taxpayers That Regs Will Prevent States From Circumventing $10k S&L Tax Cap With 'Charitable' Contributions:  Daniel Hemel (Chicago), Two Cheers for IRS Guidance on the New SALT Cap:

Yesterday’s notice by the Treasury Department and the IRS that they plan to propose regulations related to the state and local tax (SALT) and charitable contribution deductions has generated lots of news coverage. ...

Let’s start with what the notice did say. First, it revealed — and this is new news — that Treasury and the IRS “intend to propose regulations addressing the federal income tax treatment of certain payments made by taxpayers for which taxpayers receive a credit against their state and local taxes.” That’s apparently a reference to laws already enacted in New JerseyNew York, and Oregon that allow taxpayers to claim a state tax credit for charitable contributions to certain state-affiliated funds, as well as several similar proposals pending in other state legislatures. Interestingly, Treasury and the IRS signaled no intention to issue regulations addressing New York’s new “Employer Compensation Expense Program,” which allows employees to claim a state tax credit if their employer opts into a new payroll tax regime. Even those who are skeptical of the charitable credit arrangement acknowledge that the payroll tax shift “almost certainly” will pass muster under federal tax law, and nothing in yesterday’s notice suggests otherwise.

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May 25, 2018 in IRS News, Tax, Tax Policy in the Trump Administration | Permalink | Comments (1)

Friday, May 18, 2018

Tax Policy In The Trump Administration

Thursday, May 17, 2018

Top GOP Donors Close Wallets Over Tax Law

CNN, Top GOP Donors Close Wallets Over Tax Law:

As national Republicans scramble their resources for a high-stakes midterm election year, some of the party's biggest and most reliable donors have quietly withheld their support for Senate and House Republican groups out of frustration with the new tax law, CNN has learned.

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May 17, 2018 in Tax, Tax Policy in the Trump Administration | Permalink | Comments (2)

GOP Tax Cut Not Why Economy Is Booming: Economists Are Rolling Their Eyes At Candidates’ Claims

Politico, GOP Tax Cut Not Why Economy Is Booming: Economists Are Rolling Their Eyes at Candidates’ Claims:

Republicans facing a tough midterm election season are pointing to the strong economy as proof their new tax law is working its magic.

But as campaign ads tout swelling payrolls and lawmakers spotlight companies handing out employee bonuses, there’s little evidence the tax cuts are already having an impact across the economy, which was already humming even before the law was enacted.

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May 17, 2018 in Tax, Tax Policy in the Trump Administration | Permalink | Comments (0)

Monday, May 14, 2018

Is Trump’s Tax Incoherence Just A Way To Hurt Amazon?

Amazon logoNew York Times op-ed:  Is Trump’s Tax Incoherence Just a Way to Hurt Amazon?, by Veronique de Rugy (Mercatus Center, George Mason University):

For months, the Trump administration has rightfully been trying to thwart attempts by some European governments to impose a new corporate “digital tax” on American high-tech giants. This campaign to block internet-inspired extraterritorial taxation — taxation of income earned outside of a jurisdiction — is strongly supported by the American business community. But the White House, in an odd twist that turns its European Union digital tax arguments upside down, just argued before the Supreme Court that the same kind of extraterritorial taxation is acceptable when carried out by American states on retail sales on the internet.

Does the left hand of the Trump administration know what the right hand is doing on internet-related tax policy? Are American corporate leaders who have ignored the issue of internet sales taxes about to suffer a key setback in relation to the European Union tax grab? And does sound tax policy go out the window if the president seems to think Amazon is in the cross hairs?

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May 14, 2018 in Tax, Tax Policy in the Trump Administration | Permalink | Comments (1)

NY Times: Federal Tax Cuts Leave States In A Bind

New York Times, Federal Tax Cuts Leave States in a Bind:

The federal tax overhaul cut taxes for millions of American families and businesses. But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax.

Now, governors and state legislators are contending with how to adjust their own tax codes to shield their residents from paying more or, in some cases, whether to apply any of the unexpected revenue windfall to other priorities instead.

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May 14, 2018 in Tax, Tax Policy in the Trump Administration | Permalink | Comments (2)

Friday, May 11, 2018

Tax Policy In The Trump Administration