Tax Law

Recent Posts

Indoor Tanning Taxes
Posted on 10 Oct 2012 by Joel Newman, Esq. Professor of Law, Wake Forest

The tanning tax was... stuck at the end of a 906-page health care reform bill. Moreover, it was, indeed, intended to be a revenue-generating provision, though even at best, it was projected to generate less than one percent of the money needed to fund... Read More

Prison Labor & Capitalism & Attractive Complexity
Posted on 29 Apr 2012 by Allison Christians

This post started out as a simple link to a lengthy and interesting report on the market for inmate labor --it's cheap, compliant, and has few protections. It's also state aid/corporate welfare, as the authors note: In both the North and the... Read More

New From California: Flexible Purpose Corporations
Posted on 1 Jun 2012 by Morrison and Foerster LLP

[Editor's Note : This narrative is derived from Trust Administration and Taxation, § 3.03[5] (Matthew Bender) b y Joseph L. Wyatt, Jr., J.D., Morrison & Foerster LLP, Los Angeles, CA. It describes California's Corporate Flexibility Act... Read More

Financial Reporting for Special Purpose Governmental Entities
Posted on 9 Jan 2013 by LexisNexis Tax Law Community Staff

by Edward W. Stepnick, CPA, continuing professional education consultant on government accounting and auditing, Venice, FL. Revised and updated by G. Robert Smith, Jr., Associate Professor of Accounting, Middle Tennessee State University, and Dwayne N... Read More

Filing Compliance Procedures Challenge U.S. Taxpayers Residing Overseas
Posted on 22 Oct 2014 by Rufus v. Rhoades & Alexey Manasuev

Generally, [the 2012 Offshore Voluntary Disclosure Program] OVDP is designed for those delinquent U.S. taxpayers who have been holding financial assets overseas, have not been disclosing such assets to the U.S. government, have not been reporting... Read More