The Tax Lawyer’s Blog

Well, folks, it’s happened. It looks like Comedian Al Franken will be the new Senator from Minnesota.
This is from an article appearing in Bloomberg.com:
Democrat Al Franken won a recount over Republican Norm Coleman in Minnesota’s U.S. Senate race, a result Coleman’s campaign plans to challenge in court.
The tally, announced [Monday] by a state canvassing [...]

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The New York Times reports today that,
The legislation Mr. Obama is developing with Congressional Democrats will devote about 40 percent of the cost to tax cuts, including his centerpiece campaign promise to provide credits up to $500 for most workers, costing roughly $150 billion. The package will also include more than $100 billion in tax [...]

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House Ways and Means Committee Chairman Charlie Rangel’s ethics problems continue.Â
House ethics rules prohibit Congressmen from requesting anything of value from any person or entity having any business before Congress.
The New York Times reports that less than a month after he approached AIG for a contribution to a school that City College of New York (CUNY) was building in [...]

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What happens when you mix an Australian Law Professor, an American IRS economist, and an Israeli Lawyer?
You get a research paper titled Improving the Quality of Services Offered by Tax Agents: Can Regulation Assist?
In the United States, anyone with a pulse can prepare a tax return for someone else for a fee.
This is not true everywhere, however.
In Australia, [...]

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The Washington Post reported yesterday in an article titled Obama Tax Cuts Likely Soon that,
President-elect Barack Obama’s economic stimulus plan will include an immediate tax cut for middle-class families, and the incoming administration hopes to enact permanent tax cuts soon thereafter, [David Axelrod] a senior adviser to Obama said Sunday.
Axelrod also was asked what [...]

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