Law Roundtable

The IRS's Statistics of Income Division yesterday released the Summer 2010 SOI Bulletin (Vol. 30, No. 1) with these four articles: Sole Proprietorship Returns, 2008, by Adrian Dungan Foreign-Controlled Domestic Corporations, 2007, by James R. Hobbs Corporate Foreign Tax Credit, 2006, by Nuria E. McGrath SOI Studies of International Income...

Rod Blagojevich: President Obama's senate seat “is a f—-ing valuable thing, you just don’t give it away for nothing,” Al Sharpton: On the anniversary of Martin Luther King's I Have a Dream speech: "This is our day and we ain't giving it away."

Martin Ginsburg’s speech recounted how an obscure 10th Circuit tax case, which the Ginsburgs handled pro bono, led to a Supreme Court appearance for his wife and to a host of other gender-discrimination cases. The case involved a contested tax deduction involving a Mr. Morris that would have been allowable...

Lily Kahng (Seattle) has published Investment Income Withholding in the United States and Germany, 10 Fla. Tax Rev. 315 (2010). Here is the abstract: In a reversal from its historical roots, the United States income tax system now taxes income from labor significantly more heavily than income from capital. It...

The University of New Hampshire School of Law (formerly the Franklin Pierce Law Center) is hosting its first Intellectual Property Tax Challenge: The tax challenges associated with intellectual property have become increasingly complex as intellectual property has become more important to business worldwide. The University of New Hampshire School of...

Newsweek: Clean Slate Time, by Keith Libbey (Fredrikson & Byron, Minneapolis) & Evan Thomas (Newsweek): How about this for a tax plan: cut most people’s taxes by half, eliminate the need to file returns, and provide the Treasury with a better way to reduce the deficit. Sound impossible? It’s not....

Dow Jones, Lines Blur In Tax Advice, by Arden Dale: The line between smart and criminal can be a fine one when it comes to giving tax advice, and some advisers see it blurring lately. Many in the tax profession are becoming unsure about the difference between a legitimate tax...

(Warning: Foul language.) In The Know: Are Tests Biased Against Students Who Don't Give A Shit?

Wall Street Journal op-ed, Bring Back the Estate Tax Now, by Robert Rubin (Co-chair, Council on Foreign Relations; former Treasury Secretary) & Julian Robertson (Chair, Tiger Management): With a host of other issues behind it, Congress is finally turning its attention to the expiring 2001 and 2003 tax cuts. But...

The Treasury Inspector General for Tax Administration today released Improvements Are Needed to Reduce Erroneous Foreign Earned Income Exclusion Claims (2010-40-091): TIGTA reviewed 231,277 tax returns from Tax Year 2008 and found that 10% (23,334) of taxpayers claiming the exclusion either failed to qualify for the exclusion or inaccurately computed...