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Wood: What Good Is a Tax Opinion, Anyway?

posted to TaxProf Blog on Thu 9th Sep 10

Robert W. Wood (Wood & Porter, San Francisco) has published What Good Is a Tax Opinion, Anyway?, 128 Tax Notes 1071 (Sept. 6, 2010): The shorthand justification for getting a tax opinion may simply be penalty protection, but that maxim sells tax opinions short.
DePaul Administration Again Rides Roughshod Over Faculty in ABA Accreditation Process

posted to TaxProf Blog on Thu 9th Sep 10

Following up on my extensive coverage of DePaul's disgraceful firing of Dean Glen Weissenberger (links below): Professor Margit Livingston has resigned as Chair of the Strategic Planning Committee because Interim Dean (and former Illinois state court judge)
Schenk: Exploiting the Salience Bias in Designing Taxes

posted to TaxProf Blog on Thu 9th Sep 10

Deborah H. Schenk (NYU) has posted Exploiting the Salience Bias in Designing Taxes on SSRN. Here is the abstract: In making decisions, individuals rely on certain heuristics or cognitive biases. One of these is salience, which generally refers to visibility

Obama Releases 2000-2006 Tax Returns

posted to TaxProf Blog on Tue 25th Mar 08

Barack Obama today released his 2000-2006 returns: 2006 Return 2005 Return 2004 Return 2003 Return 2002 Return 2001 Return 2000 Return Here is a summary of the figures: What is surprising, given the recent controversy over Obama's membership in the...
Deficit Reduction Commission Seeks Increase in its Budget

posted to TaxProf Blog on Sat 5th Jun 10

Eric Kroh, Fiscal Commission Bemoans Lack of Resources, 2010 TNT 106-2 (June 3, 2010): Saddled with a tight deadline and great expectations, members of President Obama's deficit reduction commission say they may not have the resources necessary to meet their
TurboTax

posted to TaxProf Blog on Wed 30th Dec 09

Following up on my January post, Geithner Blames Turbo Tax For His Tax Troubles: Treasury Secretary nominee Timothy Geithner implied at his confirmation hearing that the mistakes in his tax returns were caused by his use of the TurboTax software program. Of

Betting on your own grades: incentive effects vs. distributional effects

posted to Start Making Sense on Thu 19th Aug 10

As noted by the Tax Prof blog, the Wall Street Journal has an article today discussing a new on-line service that would permit students to bet regarding their own grades. Supposedly, this would provide incentives for bettors to work harder, as in the case where
China Fact of the Day

posted to Free Market Mojo on Wed 18th Aug 10

China’s households hide as much as 9.3 trillion yuan ($1.5 trillion) of income that is not reported in official figures, with 80% accrued by the wealthiest people, a study showed. The money, much of it likely ‘illegal or quasi-illegal,’ equates
China Fact of the Day

posted to Free Market Mojo on Wed 18th Aug 10

China’s households hide as much as 9.3 trillion yuan ($1.5 trillion) of income that is not reported in official figures, with 80% accrued by the wealthiest people, a study showed. The money, much of it likely ‘illegal or quasi-illegal,’ equates