Tax Law

Recent Posts

Final Regs on Income Ordering Rules for Payments to Charitable Beneficiaries
Posted on 24 Apr 2012 by Patricia Tyler

For a trust to qualify for the charitable deduction, a charitable contribution must be made from gross income. [ See IRC § 642(c) .] IRC Section 642 requires tracing since the source of the charitable contribution must be gross income rather than... Read More

Taxing the Rich, and Missing the Point
Posted on 30 Jul 2012 by Christopher Bergin

The hot tax news is that President Obama has proposed extending the so-called Bush tax cuts but only for the middle class, not for the people the President thinks are rich. (If he gets what he wants can we start calling them the Obama tax cuts?) Apparently... Read More

A Time Bomb of a Tax Code
Posted on 7 Apr 2012 by Christopher Bergin

There's a lot of serious news out there - tragedy, health care, a nuclear Iran. It seems the news of the day roars at us. But if you turn down the sound, you can hear it: tick, tick, tick. What is it, you say? It's the federal tax system,... Read More

Trust Fund Tax Convictions Affirmed
Posted on 27 Apr 2012 by Jack Townsend

In United States v. DeMuro, ___ F.3d ___, 2012 U.S. App. LEXIS 8094 (3d Cir. 2012) , enhanced opinion available to lexis.com subscribers, (Non-subscribers can download the unenhanced official opinion here ), the Demuros, husband and wife, were convicted... Read More

You Can't Get There From Here
Posted on 10 Mar 2012 by Christopher Bergin

The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking... Read More

Final Regs on Income Ordering Rules for Payments to Charitable Beneficiaries
Posted on 24 Apr 2012 by Patricia Tyler

For a trust to qualify for the charitable deduction, a charitable contribution must be made from gross income. [ See IRC § 642(c) .] IRC Section 642 requires tracing since the source of the charitable contribution must be gross income rather than... Read More

Trust Fund Tax Convictions Affirmed
Posted on 27 Apr 2012 by Jack Townsend

In United States v. DeMuro, ___ F.3d ___, 2012 U.S. App. LEXIS 8094 (3d Cir. 2012) , enhanced opinion available to lexis.com subscribers, (Non-subscribers can download the unenhanced official opinion here ), the Demuros, husband and wife, were convicted... Read More

Tax the Poor to Promote Growth
Posted on 13 Oct 2010 by Martin A. Sullivan

In today's Wall Street Journal Sen. Jon Kyl of Arizona offers his cure for joblessness (" A Growth Agenda for America "). . . . He wants to lower the corporate rate and flatten the upper-end individuals rates and pay for it by simplifying... Read More

A Time Bomb of a Tax Code
Posted on 7 Apr 2012 by Christopher Bergin

There's a lot of serious news out there - tragedy, health care, a nuclear Iran. It seems the news of the day roars at us. But if you turn down the sound, you can hear it: tick, tick, tick. What is it, you say? It's the federal tax system... Read More

Taxing the Rich, and Missing the Point
Posted on 30 Jul 2012 by Christopher Bergin

The hot tax news is that President Obama has proposed extending the so-called Bush tax cuts but only for the middle class, not for the people the President thinks are rich. (If he gets what he wants can we start calling them the Obama tax cuts?) Apparently... Read More

You Can't Get There From Here
Posted on 10 Mar 2012 by Christopher Bergin

The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking... Read More