Tax Law

  • '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
  • Mark Cuban

    Abortion, Bankruptcy, Biglaw, Deaths, Dewey & LeBoeuf, Insider Trading, Law Professors, Law Schools, Money, Morning Docket, Partner Issues, Securities and Exchange Commission, Tax Law

    Morning Docket: 03.06.13

    * Dewey was quick about getting its Chapter 11 plan confirmed, but all of these unfinished business claims are taking a little longer to resolve than previously hoped. But hey, at least Paul Hastings settled. [Am Law Daily]

    * Because sometimes profit sharing isn’t enough: Theodore Freedman, a former Kirkland & Ellis partner, pleaded guilty to tax fraud after underreporting his partnership income by more than $2M. [New York Law Journal]

    * Here are some tips if you’re trying to get off a law school’s wait list. Apparently it’s wise to wait patiently instead of being a complete gunner from the get go. [Law Admissions Lowdown / U.S. News & World Report]

    * Imagine a land filled with millions of little Honey Boo Boos. That’s what the great state of Arkansas is going to look like if the legislature passes the most restrictive abortion law in the country. [WSJ Law Blog (sub. req.)]

    * Not only do the Mavericks suck, but Mark Cuban’s luck in court does, too. His bid to toss an insider trading case was denied. He’d probably jump over the bench and have a fit if he could. [DealBook / New York Times]

    * Dawn Clark Netsch, beloved Illinois pol and one of the nation’s first female law profs, RIP. [Chicago Tribune]

    1 Comment / / Mar 6, 2013 at 9:09 AM
  • blowing smoke RF

    Drugs, Marijuana, Quote of the Day, Tax Law

    Pot Profits Are Up in Smoke Thanks to This Tax Law

    Thinking about opening a medical marijuana dispensary? Think again.

    6 Comments / / Feb 25, 2013 at 4:22 PM
  • Antitrust, Antonin Scalia, Barack Obama, Constitutional Law, Job Searches, Legal Research, Rankings, Tax Law

    Non-Sequiturs: 02.13.13

    * Antonin Scalia thinks the State of the Union is a “childish spectacle.” I mean, if it was so important, the Founders would have put it in the Constitution, right? [New York Daily News]

    * Does your son or daughter want to be Barack Obama when they grow up? Here are complete instructions to building your own play drone! [Volokh Conspiracy]

    * Snickers bars are not tax deductible? Damn you H&R Block!!! [Tax Prof Blog]

    * Yesterday I mused about needing a ranking for the rankings. PrawfsBlawg points out that there is such a ranking. My dreams of glory are dashed yet again. [PrawfsBlawg]

    * It turns out recruiters are just as unimpressed with your legal research skills as your non-law friends. [Monster]

    * Allegedly, Nestle’s does not play well with others. [Courthouse News Service]

    * Is it just me or is giving the Republican response like being named the Madden cover athlete? Now let’s all watch Marco Rubio realize he needs water in super slow motion. [Deadspin]

    6 Comments / / Feb 13, 2013 at 5:15 PM
  • Justice never sleeps... except at the SOTU.

    Bankruptcy, Biglaw, Career Alternatives, Crime, Department of Justice, Dewey & LeBoeuf, Gay, Gay Marriage, Law Schools, Money, Morning Docket, Partner Issues, Tax Law

    Morning Docket: 02.11.13

    * “You just sit there, looking stupid.” The justices of the Supreme Court aren’t required to show up and look like “potted plants” at the State of the Union address, but some of them do every year. [CNN]

    * Well, thanks to the DOJ’s fraud lawsuit filed against ratings agency Standard & Poor’s, it’s starting to look a lot like a litigation gang bang up in here as far as the states are concerned. [Bloomberg]

    * Dewey know whether D&L’s retirees are still kicking (legally speaking) or if they’ve decided to send their claims to hospice? We certainly do, and we’ll have more on this later. [Am Law Daily]

    * That “death and taxes” thing may be true, but when you’re trying to navigate the U.S. tax code as a married same-sex couple and the government won’t even recognize your union, there’s an uncomfortable air of uncertainty. [New York Times]

    * “Have we seceded already? The execution is faster than I thought.” Guess which state in the Deep South accidentally raised a Confederate battle flag over the building that houses its Supreme Court. [Clarion-Ledger]

    * Mama said knock you out: if you’re trying to figure out how to get a job after graduating from New England Law School, moonlighting as a champion boxer will help you beat down the competition. [Boston Herald]

    0 Comments / / Feb 11, 2013 at 9:01 AM
  • gay marriage RF

    Adoption, Alston & Bird, Arnold & Porter, Biglaw, Gay, Gay Marriage, Health Care / Medicine, Insurance, Money, Perks / Fringe Benefits, Tax Law

    Biglaw Perk Watch: Adoption Benefits
    (Plus an update on the gay gross-up.)

    Which major law firms now offer the tax offset for domestic partner health benefits?

    0 Comments / / Jan 28, 2013 at 1:28 PM
  • dartboard pen on target inside straight

    Biglaw, In-House Counsel, Partner Issues, Tax Law, United Kingdom / Great Britain

    Inside Straight: The Best Things I Heard in 2012

    In-house columnist Mark Herrmann reminisces about 2012.

    4 Comments / / Jan 7, 2013 at 10:16 AM
  • mud-runner

    Biglaw, Bloomberg, Career Alternatives, In-House Counsel, Tax Law, Videos, YouTube

    Career Alternatives for Attorneys: Tough Mudder

    Learn how this former tax attorney gets thousands of people to pay to torture themselves in 10-12 mile physical endurance events.

    7 Comments / / Dec 26, 2012 at 10:34 AM
  • Pro bono for clients, but not for students.

    American Bar Association / ABA, Biglaw, Deaths, Dewey & LeBoeuf, Guns / Firearms, Law Firm Mergers, Law Schools, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law

    Morning Docket: 12.18.12

    * Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]

    * Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]

    * Always a bridesmaid, never a bride: Pillsbury has had the urge to merge since February, and now the firm may finally get a chance to walk down the aisle with Dickstein Shapiro. [Thomson Reuters News & Insight]

    * Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]

    * Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]

    * Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]

    5 Comments / / Dec 18, 2012 at 9:02 AM
  • Asians, Books, Federal Judges, Jews, Judicial Nominations, Nancy Grace, New Jersey, S.D.N.Y., State Judges, Tax Law, Videos, YouTube

    Non-Sequiturs: 12.13.12

    * How much could going over the fiscal cliff cost midlevel to senior associates whose bonuses get paid in January? Here’s an estimate. [Thomson Reuters News & Insight]

    * Congratulations to the newest member of the S.D.N.Y. bench: former Debevoise partner Lorna Schofield, the first person of Filipino descent to be confirmed as an Article III judge. [AABANY]

    * Judges in my home state of New Jersey are always so fair-minded. Here’s a great recusal motion, directed at Judge Carol Higbee in the New Jersey Accutane mass tort case. [Reed Smith via Drug and Device Law.]

    * Make sure you don’t murder any babies before signing up to meet Nancy Grace. [Charity Buzz]

    * If you’re looking for a stocking stuffer (affiliate link) for a young lawyer in your life, look no further; Dan Hull has a great recommendation. [What About Clients?]

    If you’re interested in Judaism, Supreme Court clerks, or both, there’s a video for you after the jump….

    I find Orthodox Jews who are boxers or professional basketball players more impressive than Orthodox Jews who clerked for the Supreme Court (shocking, I know). In case you’re curious as to who is the first Orthodox Jewish woman to clerk for the Supreme Court, watch this video….

    2 Comments / / Dec 13, 2012 at 5:36 PM
  • 12 12 12

    Election 2012, Gender, Lindsay Lohan, Non-Sequiturs, Patents, Politics, Sexism, Tax Law

    Non-Sequiturs: 12.12.12

    * It’s 12/12/12. Or as rational people call it, “just another Wednesday already, God.” [ABC News]

    * Elizabeth Warren is going to be on the Senate Banking Committee. Boom. How ya like me now. [Reuters]

    * Do women make better lawyers than men? For some reason this question made me want to make a really sexist joke. But I’m afraid of being yelled at by feminists. Afraid, like a little girl. [Law Frat]

    * Verizon to take on copyright trolls. I hope this leads to a commercial with that Verizon 4G woman playing whack-a-mole in a sun dress. [Torrent Freak]

    * You know what could keep us from falling off the fiscal cliff? The death tax? Mwahahaha. [Tax Prof Blog]

    * SCOTUSblog is looking to hire a good law student or LL.M. student. Qualification #1: you should probably know what SCOTUS refers to. [SCOTUSblog]

    * Lindsey Lohan had her probation revoked. If you are one of the people who care about this story, thus necessitating this mention of it, I hope bad things happen to you this holiday season. I’m serious, if you care about Lindsey Lohan, I hope Santa brings you herpes. [TMZ]

    2 Comments / / Dec 12, 2012 at 5:41 PM