Rubin on Tax: A Co-Maker of a Promissory Note Is Not Always Liable to the Co-Signer [Florida] (October 31, 2020)

Charles (Chuck) Rubin, in his Rubin on Tax blog, discusses accommodation party status in Erick A. Palma, MD., et al. v. South Florida Pulmonary & Critical Care, LLC, 45 Fla. L. Weekly D2175a. The article begins as follows: In an interesting case, two doctors co-signed a promissory note with others of an LLC where they were members, and … Continue reading Rubin on Tax: A Co-Maker of a Promissory Note Is Not Always Liable to the Co-Signer [Florida] (October 31, 2020)

Forbes: Rocker Gene Simmons Kisses Off California Taxes, Should You Too? (November 1, 2020)

Forbes has published an article, "Rocker Gene Simmons Kisses Off California Taxes, Should You Too?" which discusses California's high tax rates and how to prevent audit risk after leaving residency in-state. The article begins as follows: California’s 13.3% tax rate is enough to make almost anyone sick, including rock stars. Kiss rocker Gene Simmons announced he wanted to leave … Continue reading Forbes: Rocker Gene Simmons Kisses Off California Taxes, Should You Too? (November 1, 2020)

Probate Stars: Can You Vote With A Power of Attorney?

The Probate Stars blog reports that "you generally cannot use a power of attorney to vote on behalf of someone else in an election.  Although election laws and the laws regarding the ability of a power of attorney to vote on behalf of the principal are controlled by each state, the answer across a sampling … Continue reading Probate Stars: Can You Vote With A Power of Attorney?

Procedurally Taxing: Revoking the Release of Federal Tax Lien (October 14, 2020)

Keith Fogg, in his Procedurally Taxing Blog article, discusses Webb v. IRS, No. 1:17-cv-00058 (S.D. Ind. 2020). Taxpayers get a sad lesson in the ability of the federal tax lien both to survive bankruptcy and to come back to life after release.  This is not a story of foreclosure, though that chapter may still be written, but rather … Continue reading Procedurally Taxing: Revoking the Release of Federal Tax Lien (October 14, 2020)

Emmaline Jurgena and Jason Kohout (Foley & Lardner LLP): Mission-Related Investments under Trust Law (October 12, 2020)

Emmaline Jurgena and Jason Kohout, of Foley & Lardner LLP, have made available for download their article, "Mission-Related Investments under Trust Law," published in JDSUPRA. The abstract is as follows: As explored in a previous article, the IRS clarified that mission-related investments (MRIs) will not trigger the private foundation “jeopardy investment” rule (that is, a private foundation cannot make … Continue reading Emmaline Jurgena and Jason Kohout (Foley & Lardner LLP): Mission-Related Investments under Trust Law (October 12, 2020)

Forbes: Tax Brackets Are A Fiction And Barely Apply To The Wealthy (October 12, 2020)

Forbes has published an article, "Tax Brackets Are A Fiction And Barely Apply To The Wealthy," which discusses how the wealthy have lowered their technical burden. The article begins as follows: I stumbled across a discussion on Twitter of what top tax rates might be reasonable and how much tax the wealthy should pay. The discussion was fine so … Continue reading Forbes: Tax Brackets Are A Fiction And Barely Apply To The Wealthy (October 12, 2020)

Forbes: Tax Court Will Go Dark For December (October 13, 2020)

Forbes has published an article, "Tax Court Will Go Dark For December," which discusses the potential effects of the Tax Court's impending month of silence as it prepares to implement the DAWSON case management system. The article begins as follows: I just picked up on an extraordinary piece of news that has been around for nearly a week with … Continue reading Forbes: Tax Court Will Go Dark For December (October 13, 2020)

Forbes: How To Make $1 Million Dollars And (Legally) Pay Zero Taxes (October 13, 2020)

Forbes has published an article, "How To Make $1 Million Dollars And (Legally) Pay Zero Taxes," which discusses the ways that wealthy taxpayers can legally mitigate their tax liability. The summary is as follows: Though many are trying to put a political spin on Trump’s low tax bill, the issue really transcends politics. The reality is paying … Continue reading Forbes: How To Make $1 Million Dollars And (Legally) Pay Zero Taxes (October 13, 2020)

NY Times (October 11, 2020): C.E.O.s Rediscover the Family Dinner Table

Jenny Gross, in her New York Times article, focuses on the change in home dynamics for chief executives since the start of the pandemic. Her article, "C.E.O.s Rediscover the Family Dinner Table," begins as follows: Before the coronavirus pandemic, John Foley, the chief executive and founder of Peloton, and his wife, Jill, a vice president at Peloton, … Continue reading NY Times (October 11, 2020): C.E.O.s Rediscover the Family Dinner Table

Forbes: Pay With Your Smartphone: IRS Adds QR Codes To Tax Bills (October 11, 2020)

Forbes has published an article, “Pay With Your Smartphone: IRS Adds QR Codes To Tax Bills,” which discusses how and why The Internal Revenue Service (IRS) added barcode technologyto its tax notices.. The article begins as follows: Starting this month, the IRS will add QR codes to certain tax notices. QR stands for quick response, since … Continue reading Forbes: Pay With Your Smartphone: IRS Adds QR Codes To Tax Bills (October 11, 2020)

Rubin on Probate Legislation: Demircan v. Mikhaylov (September 25, 2020)

The Rubin on Probate Legislation blog discusses Demircan v. Mikhaylov, --- So. 3d -- (Fla. 3d DCA 2020). This Third DCA case addresses several elements of Florida trust law, with a focus on the ability to modify an irrevocable trust under the Florida common law. It involved an irrevocable trust established by the settlor for the … Continue reading Rubin on Probate Legislation: Demircan v. Mikhaylov (September 25, 2020)

Florida Probate & Trust Litigation Blog: Can you limit a court’s ability to remove a trustee to the same standard as incapacity in guardianship proceedings? (October 10, 2020)

Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses the implications of default and mandatory rules as listed in the Florida Trust Code. His article begins as follows: Florida’s Trust Code consists overwhelmingly of default rules that settlors are free to opt out of or modify anytime. There are, however, a core set of rules listed in F.S. … Continue reading Florida Probate & Trust Litigation Blog: Can you limit a court’s ability to remove a trustee to the same standard as incapacity in guardianship proceedings? (October 10, 2020)

TaxProf Blog – Bryan Camp: Lesson From The Tax Court: Why Vacation Home Losses Are Difficult To Deduct (October 5, 2020)

Bryan Camp has published an article on the TaxProf Blog, titled Lesson From The Tax Court: Why Vacation Home Losses Are Difficult To Deduct. The article begins as follows: Tax shelters come in many forms.  Some shelters are activities that have no genuine economic purpose; they exist simply to generate tax benefits.  Some micro-captive insurance arrangements are a great example, as you can learn … Continue reading TaxProf Blog – Bryan Camp: Lesson From The Tax Court: Why Vacation Home Losses Are Difficult To Deduct (October 5, 2020)

George J. Siedel: Courses on Leadership for Lawyers: Two Models for Teaching Leadership Responsibilities (August 1, 2020)

George J. Siedel, of the Ross School of Business, University of Michigan, has made available for download his article, "Courses on Leadership for Lawyers: Two Models for Teaching Leadership Responsibilities," published in the Syllabus, Summer 2020 (51:4) American Bar Association, Section of Legal Education and Admissions to the Bar. The abstract is as followed: Law school courses and programs on leadership … Continue reading George J. Siedel: Courses on Leadership for Lawyers: Two Models for Teaching Leadership Responsibilities (August 1, 2020)

John A. Townsend: Federal Tax Procedure (2020 Practitioner Ed.) (August 1, 2020)

John A. Townsend, of the University of Houston School of Law, has made available for download his article, "Federal Tax Procedure (2020 Practitioner Ed.)," published in his SSRN page. The abstract is as followed: Federal Tax Procedure is a book originally prepared for a course on Tax Procedure taught by Adjunct Professor Townsend at the University of Houston … Continue reading John A. Townsend: Federal Tax Procedure (2020 Practitioner Ed.) (August 1, 2020)

Matthias Kasper and James Alm: Audits, Audit Effectiveness, and Post-audit Tax Compliance (September 18, 2020)

Matthias Kasper and James Alm, of University of Vienna; Tulane University and Tulane University, respectively, have made available for download their article, "Audits, Audit Effectiveness, and Post-audit Tax Compliance," published in the WU International Taxation Research Paper Series No. 2020-12. The abstract is as followed: This study uses a laboratory experiment to investigate the effect of tax audits on post-audit … Continue reading Matthias Kasper and James Alm: Audits, Audit Effectiveness, and Post-audit Tax Compliance (September 18, 2020)

Skadden, Arps, Slate, Meagher & Flom LLP: A Closer Look at Biden’s Tax Proposals (September 24, 2020)

Amy Heller, Victor Hollender, Shalom Huber, Andrew O'Gwynn, Regina Olshan, Paul Schockett, Eric Sensenbrenner, and Moshe Spinowitz, of Skadden, Arps, Slate, Meagher & Flom LLP, have made available for download their article, “A Closer Look at Biden’s Tax Proposals,” published in JDSUPRA. The article, co-authored by Law Clerk Cameron Williamson, contains the following abstract: Former Vice President Joseph Biden has proposed … Continue reading Skadden, Arps, Slate, Meagher & Flom LLP: A Closer Look at Biden’s Tax Proposals (September 24, 2020)

Alan Winston Granwell and Andrea Darling de Cortes (Holland & Knight LLP): IRS Audit Campaign Targets Nonresident Alien U.S. Real Estate Activities (October 8, 2020)

Alan Winston Granwell and Andrea Darling de Cortes, of Holland & Knight LLP, have made available for download their article, "IRS Audit Campaign Targets Nonresident Alien U.S. Real Estate Activities," published as a Holland & Knight Alert. The abstract is as follows: In 2017, the IRS Large Business & International Division (LB&I) announced a new audit strategy known as "campaigns" … Continue reading Alan Winston Granwell and Andrea Darling de Cortes (Holland & Knight LLP): IRS Audit Campaign Targets Nonresident Alien U.S. Real Estate Activities (October 8, 2020)

James Edward Maule, MauledAgain (October 9, 2020): When Tax Return Preparers Go Bad, Their Customers Can Pay the Price

James Edward Maule's MauledAgain tax blog entry focuses on the importance of selecting a reliable tax return preparer. His article, "When Tax Return Preparers Go Bad, Their Customers Can Pay the Price," includes the following commentary: Now comes a report that drives home the danger to taxpayers whose returns are prepared by unscrupulous tax return preparers. In a sense, … Continue reading James Edward Maule, MauledAgain (October 9, 2020): When Tax Return Preparers Go Bad, Their Customers Can Pay the Price