Tax Law

  • A fireable offense in the UK?

    Biglaw, Disasters / Emergencies, Federal Judges, Gender, Mergers and Acquisitions, Morning Docket, Murder, Pregnancy / Paternity, Tax Law, Technology, Trials, United Kingdom / Great Britain, Women's Issues, You Go Girl

    Morning Docket: 05.21.13

    * Our thoughts and prayers go out to the people of Oklahoma. [CNN]

    * The IRS and the Treasury Department better watch out, because it seems that the “next logical step” for the tea party victims of heightened scrutiny leads right up the courthouse stairs. [ABC News]

    * #Whatshouldwecallme after advising on the $1.1 billion Yahoo/Tumblr deal? Kind of a big deal. The Biglaw firms doing the underlying legal work are Simpson Thatcher and Gunderson Dettmer. [Am Law Daily]

    * The Mirena MDL judge thinks female attorneys should be on the all-male executive committee. If this is “strategic gender placement,” the strategy is to look bad publicly. [Thomson Reuters News & Insight]

    * The Travers Smith trainee who was fired for getting pregnant is due in court this June to find out what type of compensation she’ll receive for being discriminated against by the firm. You go girl! [Daily Mail]

    * Wherein the parents of a 0L who’s got doubts about her employment prospects are counseled that she can “work not just in law.” ::facepalm:: [Law Admissions Lowdown / U.S. News & World Report]

    * There’s trouble in paradise: lawyers in the Jodi Arias case unsuccessfully attempted to get a mistrial and withdraw from representation — for the second time — during its punishment phase. [Fox News]

    2 Comments / / May 21, 2013 at 9:10 AM
  • Justin_Bieber_NRJ_Music_Awards_2012

    Ann Althouse, DUI / DWI, Gay, Gay Marriage, Law Professors, Law Schools, Non-Sequiturs, Politics, Tax Law

    Non-Sequiturs: 05.20.13

    * Justin Bieber has apparently abandoned his 20-week-old monkey, Mally, after having her confiscated because he couldn’t comply with animal control laws in Germany. Now in a shelter somewhere in Germany, there’s one more lonely girl. [Lowering the Bar]

    * Ann Althouse posted FOUR TIMES about Barack Obama’s umbrella over the weekend. Somebody is really putting off grading those papers. [Althouse]

    * Alabama judge faces $25 million lawsuit alleging he improperly took a case from another judge and issued damaging rulings. This is the judge who ran against Chief Justice Roy “Don’t Remove the Ten Commandments From the Courthouse” Moore. The moral of the story is: don’t use the Alabama judicial system. [Legal Schnauzer]

    * The FBI may be looking into whether lawyers conspired to have opposing counsel arrested on DUI charges by using a “comely paralegal” to get the lawyer drunk and then ask him to drive her home. [Tampa Bay Times]

    * Statewide Virginia Republican candidates are no friends of the libertarian wing of the conservative movement. On the other hand, are there viable conservative candidates not named “Paul” that are friends of the libertarian wing of the conservative movement? [CATO at Liberty]

    * The IRS scandal gets the SNL treatment courtesy of Seth Meyers and Amy Poehler. Video after the jump…

    3 Comments / / May 20, 2013 at 5:25 PM
  • tax law RF

    Accounting / Accountants, Federal Government, Politics, Tax Law

    On The IRS Mess And What It Means To Be A Lawyer

    The IRS scandal sheds light on what it means to be a lawyer — what it means to others, and what it means to us.

    17 Comments / / May 20, 2013 at 12:22 PM
  • Paging the next Aquagirl! Where are you? (Click for the image for the original post.)

    American Bar Association / ABA, Barack Obama, Biglaw, Commencement, Job Searches, Keker & Van Nest, Law Schools, Morning Docket, Partner Issues, Sports, Summer Associates, Tax Law, White House Counsel

    Morning Docket: 05.20.13

    * Obama might have found out about the IRS scandal “when it came out in the news,” but the Office of White House Counsel knew what was going on weeks ago. Hooray, a new reason for people to lose their sh*t. [Wall Street Journal (sub. req.)]

    * Life, liberty, and the pursuit of happiness through ridiculously expensive litigation: making up almost two percent of our GDP, our legal system is the most costly on earth, which isn’t exactly something we should be bragging about. [Corporate Counsel]

    * “It’s no surprise these lawyers would want to get off this sinking ship.” It looks like things are going just swimmingly for Steven Donziger now that John Keker’s out as his defense attorney in the Chevron fraud case. [Thomson Reuters News & Insight]

    * “Fantasy sports is usually the first and last thing I’ll do each day.” Here’s some proof that there’s such a thing as work/life balance in Biglaw… which is only applicable if you’re a partner. [Am Law Daily]

    * Law school enrollment is down, and so is tuition revenue, so the legal academy is now selling new degrees. It’s only a matter of time before they market employment timeshares. [National Law Journal]

    * On the bright side, if you’re still looking for a job, our own David Lat has some advice on how to get one (and how NOT to get one). We miss summer associates’ misbehavior. [U.S. News & World Report]

    * Congrats are in order for this weekend’s graduates, including the first graduates of LMU’s embattled law school — they won’t let a lack of ABA accreditation rain on their parade. [Knoxville News Sentinel]

    11 Comments / / May 20, 2013 at 9:07 AM
  • images-RF

    Goldman Sachs, Quote of the Day, Tax Law, United Kingdom / Great Britain, Wall Street

    So We’re Not Proud of This, But…

    Classic understatement from across the pond.

    2 Comments / / May 16, 2013 at 3:31 PM
  • Righteous Indignation RF

    Barack Obama, Department of Justice, Eric Holder, Politics, Privacy, Tax Law

    Righteous Indignation: On the IRS Abuses and the Banality of Bureaucratic Evil

    Ed. note: This is the latest installment of Righteous Indignation, our new column for conservative-minded lawyers. You probably saw this week’s topic coming. Until the folks at One First Street start tossing Elie and me some fresh meat to tussle over, my indignation — righteous as it is — must be directed elsewhere. Unless EM […]

    26 Comments / / May 16, 2013 at 11:29 AM
  • Tax Exempt

    Barack Obama, Politics, Tax Law

    Does Claiming 501(c)(4) Status Now Put You Above The Law?

    If tax lawyers aren’t supposed to distinguish between 501(c)(4) orgs and 527 orgs, than who is?

    48 Comments / / May 14, 2013 at 4:30 PM
  • Biglaw, Books, Facebook, Federalist Society, General Counsel, Hedge Funds / Private Equity, In-House Counsel, Law Professors, Morning Docket, Murder, Musical Chairs, Partner Issues, Politics, Social Media, Social Networking Websites, Tax Law, Technology

    Morning Docket: 05.13.13

    * Given the name and origins of the Tea Party movement, it actually makes perfect sense that their groups got grief from the IRS. [Washington Post]

    * Wachtell Lipton weighs in against the practice of shareholder activists offering special compensation to director nominees. [Dealbook / New York Times]

    * A law professor, Joshua Silverstein, argues that schools should embrace grade inflation. (But haven’t most of them done this already?) [WSJ Law Blog]

    * Facebook shareholders might not “like” this news, but Ted Ullyot is stepping down as general counsel after almost five years. We’ll have more on this later. [National Law Journal]

    * The Brooklyn DA’s office is reopening 50 murder cases that were worked on by retired detective Louis Scarcella (who looks oh-so-savory in the NYT’s photo of him). [New York Times]

    * In news that should shock no one, Nicholas Speath’s dubious discrimination case against Georgetown Law has been dismissed. [The BLT: The Blog of Legal Times]

    * Not long after leaving Cravath for Kirkland, Sarkis Jebejian is putting together billion-dollar deals for private-equity clients. [Am Law Daily]

    * Professor Jeffrey Rosen reviews an interesting new book, The Federalist Society (affiliate link), authored by Michael Avery and Danielle McLaughlin. [New York Times]

    2 Comments / / May 13, 2013 at 8:43 AM
  • license-plate-I-am-a-tool

    Cars, Law Professors, Paul Caron, Tax Law

    Law License Plates: Models, Bottles, and Tax Studs

    Do you love tax law? These lawyers do, and they’ve proclaimed it on their license plates.

    8 Comments / / May 7, 2013 at 3:14 PM
  • goodbye farewell Ill miss you

    Biglaw, Layoffs, Musical Chairs, Partner Issues, Staff Layoffs, Tax Law

    A Mysterious Partner Departure — Plus Stealth Layoffs? — at Cleary Gottlieb

    Which up-and-coming partner just left Cleary Gottieb? And who else is departing from CGSH?

    13 Comments / / May 6, 2013 at 2:12 PM
  • 235px-LeBronJamesMiamiHeat2010

    Benchslaps, Facebook, In-House Counsel, Non-Sequiturs, Politics, Sports, Susman Godfrey, Tax Law, Technology, Videos, Women's Issues

    Non-Sequiturs: 04.22.13

    * Forget playing with Wade. LeBron took his talents to South Beach to avoid tons of state taxes. [The Legal Blitz]

    * Steve Susman of Susman Godfrey just completed the 180-mile trek from Houston to Austin by bike. Susman took part in this MS fundraiser with his grown kids and 35 other Susman Godfrey team members. Kudos. [National MS Society]

    * The Obama administration is entering a showdown over its use of the “state secrets” privilege. The government is concerned that if it cannot shield “no-fly list” paperwork, it might chill their frank discussion of racial profiling. [Politico]

    * A new in-house tool to replace outside counsel? Sure it may be cheaper, but can a computer get you playoff tickets? [Associate’s Mind]

    * Facebook COO Sheryl Sandberg’s new book, Lean In: Women, Work, and the Will to Lead (affiliate link), received a good deal of praise, but her model of “trickle-down feminism” is a tad suspect. [JDs Rising / Minnesota Lawyer]

    * We have a follow-up to the earlier Nevada benchslap. Now we have video of the judge handing out contempt charges for no reason. Wow. That’s some hardcore abused discretion. [Las Vegas Law Blog]

    * Remember the L.A. Law puppets video from a couple weeks ago? Well, it’s now a series. Watch Episode 1 after the jump….

    5 Comments / / Apr 22, 2013 at 5:41 PM
  • 'We're not Case Western Reserve Law.'

    Sports, Tax Law

    Cleveland Rocks… Potential IRS Fraud From The Owner Of Their Football Team

    As Bill Simmons would say, God hates Cleveland…

    0 Comments / / Apr 22, 2013 at 12:22 PM
  • copy machine

    Akin Gump, Antonin Scalia, Biglaw, Clarence Thomas, Insider Trading, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law

    Morning Docket: 04.17.13

    * “Yes, it is true.” Justice Scalia admitted in a speech this week that he was guided to the right by his colleague, Justice Thomas, who’s apparently “a very stubborn man.” [Wall Street Journal (sub. req.)]

    * It’s about time to say so long to your ticking tax time bomb: in President Obama’s proposed budget for 2014, he eliminates taxes on forgiven loan debt under all IBR plans. [Bucks / New York Times]

    * “I am the luckiest man in the world.” Larry Macon, an Akin Gump partner from Texas, had nearly finished the Boston Marathon when the bombs exploded, but lived to tell his tale. [Am Law Daily]

    * Because sometimes you need to steal $374K worth of copy toner. This ex-Fried Frank staffer pleaded guilty to grand larceny, and is looking at up to 15 years in jail. [Thomson Reuters News & Insight]

    * Judge Victor Marrero isn’t a fan of SEC policy, but when it comes to this civil insider trading case, SAC Capital may get to walk away without admitting or denying anything. [DealBook / New York Times]

    * This Yale Law graduate is suing Brooks Brothers over a three-button suit, and wants $2K for the 90 minutes he spent arguing over it in the store. Who is the $1320/hour man? [New York Daily News]

    7 Comments / / Apr 17, 2013 at 9:03 AM
  • Form_1040,_2005

    Benchslaps, Breasts, Copyright, Federalist Society, Intellectual Property, Law Schools, Music, Non-Sequiturs, Pets, Running, Tax Law, Texas, Violence

    Non-Sequiturs: 04.15.13

    * Thoughts go out to all those in Boston. [CNN]

    * I hope you’ve all got your taxes finished. Here’s a fun fact: most tax cheats live in the South and the West. The two areas of the country filled with people who think taxes are evil cheat more? Go figure. [NBC News]

    * Remember, it’s not polite to say “thank you.” [Las Vegas Law Blog]

    * And now the rare, “self-benchslap.” [Associated Press]

    * A detailed look at how the Federalist Society became so powerful in American law schools. Unfortunately, it neglects the “they tend to order better pizzas for their events” gambit. [Chronicle of Higher Education]

    * Remember the new, depressing, public domain Happy Birthday song? The sponsor of that contest, WFMU, is at it again with a new contest to create modern, entertaining covers of public domain ditties. Despite my ragging on the birthday song, this is a pretty cool idea. [Free Music Archive]

    * Are you a young lawyer complaining about your lot in life? You’re at this site, so statistically you are. Well, quit your bitchin’! [Associate’s Mind]

    * The Texas Supreme Court does not value emotional attachments to dogs. This is surprising because I can think of at least 10 country songs on this very point. [Law and More]

    * Mocking law school couples with a GIF from Veep? Get out of my head, UChiLawGo! [UChiLawGo]

    * Boob-induced failure. [Legal Juice]

    3 Comments / / Apr 15, 2013 at 5:15 PM
  • House Rules small In House Counsel

    Bonuses, General Counsel, In-House Counsel, Litigators, Money, Tax Law

    House Rules: Spring Breakers

    Additional thoughts on in-house counsel compensation, from columnist David Mowry.

    7 Comments / / Apr 3, 2013 at 4:02 PM
  • import export

    Biglaw, Bloomberg, Career Alternatives, Department of Justice, Tax Law

    Career Alternatives for Attorneys: Pot Dealing

    Today in career alternatives: from tax law to… pot dealing?

    15 Comments / / Apr 3, 2013 at 3:06 PM
  • 220px-Stephen_Baldwin_by_Gage_Skidmore-RF

    Celebrities, Tax Law, White-Collar Crime

    Stephen Baldwin Plea Agreement — Thank God We Won’t Lose His Acting Genius

    Stephen Baldwin has reached an agreement in his tax case. Avoids being locked up with Pauly Shore again.

    8 Comments / / Mar 12, 2013 at 4:27 PM
  • 220px-Sbrownofficial

    3rd Circuit, Cocaine / Crack, Crime, Dolores Sloviter, Law Schools, Non-Sequiturs, Politics, Saira Rao, Tax Law

    Non-Sequiturs: 03.11.13

    * Recently ousted Massachusetts Senator Scott Brown has a new law firm. Apparently not everyone’s a winner at Nixon Peabody these days. [Political Intelligence / Boston Globe]

    * So, and maybe I’m reading too much into this story, I think this guy likes cocaine. [The Pulp / Broward Palm Beach Times]

    * If you’re at NYU, the Law Review has been holding out on you with a private stockpile of outlines. Prometheus brings them to the masses. I don’t know why this person chose a terrible movie for a pseudonym. [PrometheusNYU]

    * If you’re doing your taxes in Minnesota, you’d better be using H&R Block, because the authorities have warned taxpayers not to use TurboTax. [Tax Prof Blog]

    * Burglar foiled by “supernatural figure.” [Legal Juice]

    * Judge Dolores Sloviter, the former Chief Judge of the Third Circuit, announced that she’s taking senior status. That should lighten the load on her law clerks… [Legal Intelligencer]

    * Earlier today, Staci was on HuffPo Live talking about the plight of recent law school graduates. Video after the jump….

    5 Comments / / Mar 11, 2013 at 5:31 PM

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