Taxes
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Biglaw, Chadbourne & Parke, Gay, Gay Marriage, Perks / Fringe Benefits, Tax Law
More Firms Stand Up For Marriage Equality
Which major law firms now offer the tax offset for domestic partner health benefits? -
Goldman Sachs, Non-Sequiturs, Reality TV, Religion, Tax Law, Travel / Vacation
Non-Sequiturs: 04.17.12
* Apparently, it is illegal to father a second illegitimate child in Mississippi. I guess the first one is a freebie or a Mulligan, or whatever. If for some reason I ever have a personal need to know this tidbit, please shoot me in the face immediately. [Legal Juice] * A class-action lawsuit will be filed tomorrow against the producers of The Bachelor, alleging race discrimination. I’m more concerned about the show’s overall crimes against good taste. (Zing!) [Legal Blog Watch] * Just like a certain Biglaw firm, Goldman Sachs is dealing with a large number of partner defections. Goldman has a pretty good PR spin though: jumping ship is actually a sign of loyalty to the company. Right, just like the crew of the Titanic. [Dealbreaker] * Today is #EqualPayDay. If you’re like me and didn’t know what that means, all you need to know is that the fairer sex is still not paid as much as big dumb oafs like myself. If you want to do something to fix this, Ms. JD has some ideas. [Ms. JD] * Bigotry and prejudice are never okay. UNLESS you want to hate on a new-ish (yet exceedingly popular) religion that is also conveniently in opposition to your liberal political motives. In that case, right this way, sir… [Instapundit] * If you don’t pay your taxes, the government wants to be able to take away your passport. So, hypothetically, if I were planning to flee the U.S. for, say, Spain, to avoid paying my taxes… I should leave, well, now. Umm, IwillseeyoulaterIhavetorunOKbye. [The Atlantic] - Sponsored
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Accounting / Accountants, Biglaw, Dewey & LeBoeuf, Lateral Moves, Money, Musical Chairs, Partner Issues, Partner Profits, Tax Law
Dewey Know How To Do The Taxes?
Dewey know how to do the partnership's taxes? Some D&L partners are confused by the updated K-1 tax forms issued to them by the firm. And, speaking of Dewey partners, defections continue....
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Disability Law, Drugs, Federal Government, John Edwards, Law Schools, Money, Morning Docket, Politics, Trials
Morning Docket: 04.17.12
* Say sayonara to the Buffett Rule. Senate Republicans were successful in blocking the 30% tax on millionaires proposed by Democrats. And thank God, because that trickle down thing is totally working for us right now. [Wall Street Journal]
* Rich lawyers keep getting richer because they keep increasing their fees. That being said, where the hell are the bonuses? Come on now, SullCrom, are you seriously going to make us all wait until June? That’s really not very nice. [Thomson Reuters News & Insight]
* Well, that was quick: one minute men abound in the George Zimmerman circus. Mark O’Mara filed a motion to get Judge Recksiedler off the case, and the media filed a motion to get access to sealed records. [CNN]
* A federal judge presiding over the John Edwards campaign finance trial dismissed 47 potential jurors. Dude gets around, because apparently he had slept with all of them. Nah, he wishes, though. [Bloomberg]
* As a law school, it sure is easy to claim that just under 100% of the class of 2010 was employed nine months after graduation, especially when you were the one employing them. [National Law Journal]
* Seems like the New York Times has finally caught on to the ADA troll trend. Lawyers are recruiting clients to file suits against noncompliant businesses, but at least the disabled reap the rewards. [New York Times]
* Prospective welfare recipients in Georgia have a few more months to blaze before they’ll have to pass a drug test to receive benefits. Smoke two joints before you prepare for all the incoming lawsuits. [Washington Post]
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4th Circuit, Benchslaps, Christopher Christie, Drinking, Job Searches, Non-Sequiturs, SCOTUS, Supreme Court, U.S. Attorneys Offices
Non-Sequiturs: 02.22.12
* How can you tout your achievements in a cover letter without sounding like a tool? Here are some pointers from Professor Eugene Volokh. [Volokh Conspiracy] * The “unbundling” of legal services is a big buzzword when talking about the direction of the profession. But, as Jordan Furlong posits, should lawyers and law firms start thinking about “rebundling”? [Law21.ca] * Benchslap of earlier this month: the Fourth Circuit smacks around some saucy AUSAs. [Legal Blog Watch] * “[P]ublic drunkenness is not illegal in NYC.” (Elie will be glad to hear this.) [Gothamist] * How will SCOTUS rule on the Stolen Valor Act? Mike Sacks reads the oral argument tea leaves. [Huffington Post] * Chris Christie to Warren Buffett: if you want to pay more taxes, “just write a check and shut up.” [Dealbreaker] * A Harvard Law School student, Matthew Schoenfeld, stands up for a good cause. [Harvard Law School News] -
Benchslaps, D.C. Circuit, Federal Judges, Quote of the Day, Tax Law
Quote of the Day: It Makes the Arabian Double-Pike Mandamus Look Easy
Of all the routines in judicial gymnastics, few have a higher degree of difficulty than the reverse benchslap, and we’re trying for a combination double with our Opinion today. — Judge Mark V. Holmes of the United States Tax Court, dissenting in Tigers Eye Trading, LLC v. Commissioner. (The background behind this judicial invocation of […] -
Biglaw, Edwards Wildman, Election 2012, Facebook, Jersey Shore, Lateral Moves, Morning Docket, New Jersey, Partner Issues, Politics
Morning Docket: 02.01.12
* Florida: a place where people don’t care about your income tax returns. Mitt Romney dominated the state’s primary, grabbing all 50 of the delegates needed for the Republican nomination. [New York Times] * Entry-level hiring might be down, but lateral hiring is being approached like an NFL draft. Biglaw firms want the best of […]
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Election 2012, New York Times, Politics, Tax Law
NYT Smacks Around a Biglaw Partner While Behaving as If Mitt Romney Needed Tax Advice From Stephen Hawking
I get that to lay people, the tax code seems incredibly complicated. It is complicated, and years of both parties legislating through the tax code has made it that way. I understand that the sepia-toned relief of an American being able to puzzle out his taxes on the hood of his pick-up truck before he […] - Sponsored
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Election 2012, Money, Politics, Tax Law
Mitt Romney's Taxes Aren't 'Complicated' to His Tax Lawyers
If you are a wealthy American who pays the top regular income tax rate of 35%, you have terrible, awful lawyers. Mitt Romney does not have terrible lawyers. The news of the day is that GOP frontrunner Romney released the previous two years of his tax returns. Romney's 2010 adjusted gross income was $21,661,344. His estimated AGI for 2011 is $20,901,075. But Romney is trying to spin his tax returns as an example of how "complicated" that tax code is.... -
Cars, Deaths, Election Law, Law Schools, Minority Issues, Non-Sequiturs, Public Interest
Non-Sequiturs: 01.17.12
* So, just so we’re all clear, Republicans running for President are no longer on board with the Voting Rights Act. Happy Martin Luther King Day. [Election Law Blog] * It’s not like there are no more voting issues where we might want to have federal oversight of state laws that affect the electoral power […] -
Biglaw, Crime, Gay, Money, Partner Issues, Partner Profits, Sentencing Law, Tax Law, Weirdness, White-Collar Crime
Former S&C Partner Gets Sentenced for Tax Offenses
Last August, John J. O'Brien, who was once a highly regarded and well-liked partner in the celebrated M&A practice of Sullivan & Cromwell, pleaded guilty to four misdemeanor tax offenses. In the end, he pleaded guilty to failing to file taxes relating to $9.2 million in partnership income, for tax years 2003 to 2008. Earlier this week, O'Brien was sentenced. So is O'Brien trading Biglaw for the Big House? And if so, how long a sentence did he receive? -
Accounting / Accountants, In-House Counsel, Money, Tax Law, Wall Street
Moonlighting: Things Not to Say In-House - 'I'm Bad at Math'
It’s one of the biggest cons going around. I cringe whenever I hear it. A lawyer laughs and says, “I’m not good with numbers — that’s why I became a lawyer.” On the surface, it seems to make sense; it sounds like it should be true. For some, it might even be true. After all, […] -
American Bar Association / ABA, John Edwards, Law School Deans, Law Schools, Morning Docket, Tax Law, Unemployment
Morning Docket: 12.23.11
* Merry Christmas! House Republicans will get one less lump of coal in their stockings this year after accepting a two-month extension of unemployment benefits and payroll tax cuts. [New York Times] * Another birther lawsuit has been thrown out, but Orly Taitz won’t be stopped. She’s like the Energizer Bunny of questionable litigation. She’ll […]
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American Bar Association / ABA, Biglaw, Football, Law Schools, LSAT, Morning Docket, Tax Law
Morning Docket: 12.21.11
* Most Americans can look forward to a tax increase in 2012 because our elected officials would rather bicker with each other than do their jobs. Happy freakin’ New Year! [Los Angeles Times] * Duncan Law’s dean sheds some light on why the ABA might have denied the school provisional accreditation. Come on, what’s not […]
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Animal Law, Basketball, Blogging, Divorce Train Wrecks, Non-Sequiturs, Politics, Sports, Tax Law
Non-Sequiturs: 12.20.12
* It’d be easy to say “a former Tea Party candidate posted about assassinating the President.” But it’s probably more accurate to say a crazy, racist, loony person scrawled something naughty on Facebook and is now in trouble. [Huffington Post] * I’d like to buy this, and then use it to TP Herman Cain’s house […] -
Election 2012, Facebook, John Edwards, Kids, Morning Docket, Ridiculousness, SCOTUS, Sexual Harassment, Supreme Court, Women's Issues
Morning Docket: 10.24.11
* Now trending on the Election 2012 campaign trail for Republicans: attacks on the federal court system. Be prepared for SCOTUS term limits and other ridiculous propositions. [New York Times] * After some bratty behavior from MGA Entertainment, Orrick was allowed to withdraw as counsel. Maybe they’re using the unpaid $3.85M in legal fees to […]
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Biglaw, Non-Sequiturs, Sexual Harassment, Tax Law
Non-Sequiturs: 10.21.11
* Lawyers with four to seven years of experience are apparently now in demand. You know why? BECAUSE THEY FIRED ALL OF THEM TWO YEARS AGO! [WSJ Law Blog] * Occupy Wall Street is now getting free hugs. It’s like, when you register as a liberal, somebody comes in the night and shoves your testicles […] -
Biglaw, Department of Justice, In-House Counsel, Law Professors, Musical Chairs, Non-Sequiturs, Pets, Solicitor General's Office, State Judges, State Judges Are Clowns, Tax Law
Non-Sequiturs: 08.30.11
* “Ten Worst Things for a Law Prof To Put on a CV.” [The Faculty Lounge] * Think of this as another warning against taking sexually explicit photos of yourself. Or buying suspiciously cheap used computers. [Not-So Private Parts / Forbes] * Musical Chairs: Sri Srinivasan, chair of the appellate and Supreme Court practice at […] -
Crime, Deaths, Election 2012, Facebook, Gay, Gay Marriage, Jury Duty, Ken Lay, Laurence Tribe, New Jersey, Non-Sequiturs, Politics, Social Networking Websites
Non-Sequiturs: 08.29.11
* Professor Laurence Tribe on “the constitutional inevitability of same-sex marriage.” [SCOTUSblog] * You can sleep when you’re dead — and you can prevail against the IRS in litigation, too (as the late Ken Lay just did). [TaxProf Blog] * Speaking of the dead, just because someone is burglarizing your business doesn’t mean you can […] -
Biglaw, Constitutional Law, Election 2012, Ho-Love, Hogan & Hartson, Musical Chairs, Neal Katyal, Non-Sequiturs, Politics, Tax Law, Trademarks
Non-Sequiturs: 08.24.11
* “Dominique Strauss-Kahn Gets Off, As Did Everyone Else Who Stayed In His Room At The Sofitel.” Or: what you don’t want to know about your high-end hotel room. [Dealbreaker] * F**k yeah — trademark law! Or: some reflections on the “immoral or scandalous” bar to trademark registration, by fashion lawyer Chuck Colman. [Law of […]