Peter Reilly, TIGTA Pushes IRS To Crack Down On Hobby Loss Deductions. “The most important thing is that people who have year after year of losses will tend to lose the case, if they don’t show that they alter their activities based on results.”
Russ Fox, He Didn’t Wear His Sunglasses at Night. “Yes, online income is just as taxable as through a brick and mortar store, and the IRS discovered the omission.”
Rantanen, Jason, Empirical Analyses of Judicial Opinions: Methodology, Metrics and the Federal Circuit (May 3, 2016). Connecticut Law Review, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2774307
The sharing economy will screw us all — and it’s retirement we have to be really worried about Salon
"It's an industry we'd encourage the tax office to look into because there's a lot of cash changing hands and a lot of money being made," said Lisa Chalk, communications director at Animals Australia. "You could have farms that are making $300-$500,000 a year on these animals, it's a lot of money and it's very lucrative.
Stephen E. Shay (Harvard), J. Clifton Fleming Jr. (BYU) & Robert J. Peroni (Texas), Designing a 21st Century Corporate Tax — An Advance U.S. Minimum Tax on Foreign Income and Other Measures to Protect the Base, 17 Fla. Tax Rev. 669 (2015)
Montano Cabezas (J.D. 2016, Virginia), Note, Giving Credit Where it is Due: Rethinking the Corporate Tax Paradigm, 35 Va. Tax Rev. 60 (2015)
Del Wright Jr. (Valparaiso), Improperly Burdened: The Uncertain and Sometimes Unfair Application of Tax Penalties, 35 Va. Tax Rev. 1 (2015)
Elizabeth E. Lambert (J.D. 2015, Mercer), Note, The Internal Revenue Service and Bitcoin: A Taxing Relationship, 35 Va. Tax Rev. 88 (2015)
International Tax Blog, Over 1,000 Published Expatriates in 2016 Q1 — The New Normal:
Leslie Book, Last Week’s IRS Touting of Private Sector Partnership to Combat Identity Theft Highlights The Private Sector’s Role in Tax Administration (Procedurally Taxing). I
Daniel Hemel (Chicago), The President's Power to Tax, 102 Cornell L. Rev. ___ (2016):
President Obama and his predecessors have used their regulatory authority to implement significant elements of their domestic policy agendas across a wide range of issue areas—including the environment, immigration, labor, and health care.
- NY Times: Buyers Evade State Taxes by Loaning Purchased Art to Museums in Non-Tax States
- NY Times: Art Collectors Find Safe Harbor In Delaware’s Tax Laws
A House of Commons committee moved today to request that accounting firm KPMG provide documents related to a multi-million dollar tax dodge set up in an Isle of Man, as well as names of KPMG employees responsible for the "development and marketing" of the scheme, by May 18.
According to the April 29 testimony of LuxLeaks defendant and former PwC employee Raphaël Halet, here is how the process actually worked for clients at the heart of LuxLeaks:How convenient.
Every Wednesday, PwC prepared 30-40 ruling requests, put them on a memory stick, and delivered the stick to the head of the Luxembourg tax office responsible for issuing tax rulings.The tax office approved most of the ruling requests by 5 p.m. that same day.For the convenience of the Luxembourg tax office, PwC staff was instructed to keep government letterhead on hand, so they could print out final versions of the rulings without waiting for the tax office to print them.
Ending Tax Break for Ultrawealthy May Not Take Act of Congress Gretchen Morgenson, New York Times
Westpac, ANZ investigating suspected foreign home loan fraud
Babka for Bernie: A May-Day Bake Sale for Bernie Sanders Reader Supported News