From Paul Caron: Kwon: Four Difficult Ethical Questions for IRS Lawyers Michelle Kwon (Texas Tech), The Tax Man’s Ethics: Four of the Hardest Ethical Questions for an IRS Lawyer, 9 Cardozo Pub. L. Pol’y & Ethics J. 371 (2011): The article explores the disagreement, particularly among academics, about whether government lawyers have greater obligations to [...]
Tags: Court Cases · IRS procedure
I just googled “IRS audit of Google” and found this blog post by Paul Caron: Bloomberg, Google Tax Probe to Focus on Offshore Units, by Jesse Drucker: The IRS is auditing how Google avoided federal income taxes by shifting profit into offshore subsidiaries, according to a person with knowledge of the matter. The agency is [...]
Tags: Announcements · International Taxation · IRS Audits
Paul Caron discusses Danshera Cords’ Brandeis Law Review article Lien on Me: Virtual Debtors Prisons, The Practical Effects of Tax Liens and Proposals for Reform, 49 Brandeis L.J. 341 (2011): This Article discusses the harm that a notice of federal tax lien can cause an individual as a result of the effect of filing a notice of [...]
Tags: IRS Liens and Levies · IRS procedure · Taxpayer Rights
Tony Nitti has published a great piece over at The Tax Adviser which explains the current state of affairs on the issue of compensation of S Corporation shareholders. Here is the Executive Summary, but read the whole thing. S corporation shareholders generally prefer dividend distributions of their S corporations’ profits over compensation payments from the [...]
Tags: S Corporations · Tax Tips
A columnist for The New York Times believes that the objective of our tax policy should be to enforce equality of results rather than equality of opportunity. James B. Stewart is the latest in a long line of tax-the-richers who suggests that we should tax capital gains at the same rate we tax ordinary income: In the end, the [...]
Tags: Business Transactions · Gross Income · Politics of Taxes · Tax Policy · The Economy
Liberals recognize that as long as the poor and the middle-class believe in upward mobility they will never sign on to their soak-the-rich, big government agenda. Consequently, the tax-the-rich crowd has a vested interest in convincing Americans that the American Dream is a fraud.¹ My tax blogging colleagues Linda Beale and James Maule are among many on the left who wax incredulous [...]
Tags: Opinion · Politics of Taxes · Tax Policy · The Economy
This would be much funnier if liberal elites didn’t really think this way. The Onion reports in Obama Proposes Tax Increase on Meanest 2% of Population: In the latest administration initiative meant to reassure citizens nervous about the slow pace of economic recovery, President Obama proposed a tax hike this week for the shittiest, most self-absorbed 2% of [...]
Tags: Politics of Taxes · Satire
