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Full-Text Articles in Law
Questions The Irs Will Not Answer, Emily L. Cauble
Questions The Irs Will Not Answer, Emily L. Cauble
Indiana Law Journal
When a taxpayer plans to undertake a transaction and its tax consequences are unclear, the taxpayer can request a letter ruling from the IRS. The IRS issues numerous letter rulings each year. In 2020, for instance, the IRS issued 777 letter rulings. The IRS refrains from issuing letter rulings on certain topics. At the beginning of each year, the IRS publishes an updated list of the topics on which it will not rule. Many of the topics on which it will not rule arise in areas of tax law governed by standards where the tax outcome depends heavily on each …
No Teacher Left Behind: Reforming The Educators Expense Deduction, Mary Morris
No Teacher Left Behind: Reforming The Educators Expense Deduction, Mary Morris
Indiana Law Journal
American educators are notoriously overworked and underpaid. With high performance demands and near-stagnant pay, teachers tend to burn out quickly, which in turn negatively affects the quality of education that their students receive. This effect is most evident in Title I schools, public schools with low funding allocation and high concentrations of low-income students.
One of the benefits that teachers do receive is the Educators Expense Deduction, a federal income tax deduction permitting teachers to write off up to $250 of unreimbursed supplies purchased for the classroom. This deduction was codified in 2002 and has not been amended since, in …
Bc Ranch Ii V. Commissioner: A Flexible Approach To Perpetual Conservation Easements, Victoria Wolfe
Bc Ranch Ii V. Commissioner: A Flexible Approach To Perpetual Conservation Easements, Victoria Wolfe
Indiana Law Journal
Depending on the approach used in enforcement, there is the potential to encourage or discourage charitable donations of conservation easements. In Part I, this Note explores the federal charitable income tax deduction for conservation easements and the legislative purpose in enacting the perpetuity requirements. Part II examines the Fifth Circuit’s decision in BC Ranch II and the flexible approach to perpetuity adopted by the court. Finally, Part III considers the implications of the BC Ranch II decision, specifically authority to monitor conservation easements, valuation gaming of easements in the context of perpetuity, and congressional intent in allowing the conservation easement …
The Taxpayer's Third Personality: Comments On Redlark V. Commissioner, William D. Popkin
The Taxpayer's Third Personality: Comments On Redlark V. Commissioner, William D. Popkin
Indiana Law Journal
No abstract provided.
The Public Policy Limitation On Deductions From Gross Income: A Conceptual Analysis, Donald H. Gordon
The Public Policy Limitation On Deductions From Gross Income: A Conceptual Analysis, Donald H. Gordon
Indiana Law Journal
No abstract provided.
Family Partnerships And The Federal Income Tax
Family Partnerships And The Federal Income Tax
Indiana Law Journal
No abstract provided.
Income Tax Differentials: A Symposium, Willard H. Pedrick
Income Tax Differentials: A Symposium, Willard H. Pedrick
Indiana Law Journal
No abstract provided.
Federal Taxation Of Tenants By The Entirety, Bruce H. Johnson
Federal Taxation Of Tenants By The Entirety, Bruce H. Johnson
Indiana Law Journal
No abstract provided.
State Property Taxes And The Federal Supreme Court, Robert C. Brown
State Property Taxes And The Federal Supreme Court, Robert C. Brown
Indiana Law Journal
No abstract provided.
Taxation Of Imaginary Profits Under The Federal Income Tax Law Of 1926, Kenneth B. Bond
Taxation Of Imaginary Profits Under The Federal Income Tax Law Of 1926, Kenneth B. Bond
Indiana Law Journal
No abstract provided.