Meghan Markle’s U.S. Citizenship Could Cause Tax Headaches for British Royal Family
Professor Peter Spiro was quoted in this article from the Washington Post. Read the Full Article
All posts tagged: Tax Law
Embracing the TBOR
Professors Alice Abreu and Rick Greenstein have published a special report for Tax Notes, Embrace the TBOR, in which they argue that codification of the TBOR, or Taxpayer Bill of Rights, has the power to transform tax practice and the relationship between taxpayers and the IRS. (subscription required)
Abreu: McGonagall Replies to Snape on Taxes—’Be Proud Of The Tax Law You Have, Rather Than The One You Wish You Had’
Because Professor Minerva McGonagall is my favorite member of the Hogwarts faculty, particularly as played by the inimitable Dame Maggie Smith, and because she and Severus Snape led rival houses, here’s how I think she would reply to Adam Chodorow’s reimagined Snape, who as a TaxProf warns his students on the first day of class that because there is “little foolish argument by analogy here, many of you will hardly believe this is law.” Humph . . . It’s high time you learned to be proud of the tax law you’ve got, rather than the one you think you ought to have. Our rival houses are the House of Tax Exceptionalism and the House of Tax as Everylaw. Snape as a TaxProf may wish that the tax law were exceptional, different from other fields of law in such fundamental ways that it is perhaps not law at all, but that is not the tax law we actually have. Our actual tax law has reveled in analogical reasoning from the early days in which some of …
From ‘House of Horrors’ to Haunting Eyesore: Why Gosnell’s Abortion Clinic Still Stands
Professor Greg Mandel is quoted in this article by Newsworks on the abortion clinic of Kermit Gosnell, which still stands, in a deteriorating state, six years after it was raided by authorities. Many parties, including the city, have an interest in the building for varying purposes. Read the Full Story
The Hotly Debated Overlap Between Taxes And Home Runs
Professor Alice Abreu is quoted in this article from Ozy.com on the tax implications of catching a home run baseball. Should individuals be taxed on their valuable baseball, and what exactly should be defined as income? Read the Full Story
Extreme Makeover: Tax Edition
Tax gets a bad rap. For many people, including law students, tax is often thought of as: too boring, too complicated, too mathematical, too volatile, and too arcane. It is also thought to be too much like accounting, relevant only for the rich and their advisors who help them keep as much of their money as possible. What’s more, the suggestion that there might be an interesting tax lawyer is an oxymoron, and popular media depictions of tax lawyers are limited to white men: Tom Cruise in The Firm, Michael Tucker in L.A. Law and Paul Newman in The Young Philadelphians. Viola Davis plays a lawyer on TV and Julia Roberts has played one on film, but neither has been a tax lawyer. That tax can be complex is undeniable, but the rest of the stereotype misses the breadth of the tax law and the ways in which it can be a concrete and succinct expression of social policy. Indeed, the tax system is now a cornerstone of the contemporary social safety net. For nearly …
Ten Reasons You Should Consider the ABA’s Law Student Tax Law Challenge
Every year, The Law Student Tax Law Challenge, a competition sponsored by the Young Lawyer’s Forum of ABA Tax Section, draws teams of JD and LLM participants from over 60 law schools for a competition that includes drafting and submitting two documents – one a memorandum to a partner and the other a letter to the client – providing tax advice raised by transactions that the client has been involved in. The competition is intensely transactional – it’s not about writing a brief and arguing to a court but rather doing what most tax lawyers do in practice, which is to advise clients on the likely tax consequences of transactions they have engaged in or are considering engaging in. Students work in teams of two – final submissions are due November 6, 2015, and further information, including how to get the problem and the Competition rules, are below. First, however, are the top ten reasons Temple Law students should consider participating in the Law Student Tax Law Challenge. 10. Semi-finalists get a free trip to …
