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Crypto Assets And The Problem Of Tax Classifications, Eric D. Chason Feb 2023

Crypto Assets And The Problem Of Tax Classifications, Eric D. Chason

Faculty Publications

To date, Internal Revenue Service (I.R.S.) guidance on cryptocurrencies has been thin. When the I.R.S. has issued guidance, it occasionally mishandles the technical details (such as confusing air drops and hard forks). More personnel (and personnel with greater technical expertise) would allow the I.R.S. to keep pace with the explosive growth of cryptocurrency. Nevertheless, the I.R.S. could better leverage its existing resources by focusing on select issues and seeking enabling legislation from Congress. Specifically, the I.R.S. should focus on crypto issues occurring on a system-wide basis and not requiring taxpayer-specific considerations.

For example, determining whether Bitcoin is a “security” under …


The Charitable Continuum, Eric Kades Dec 2021

The Charitable Continuum, Eric Kades

Faculty Publications

There are powerful fairness and efficiency arguments for making charitable donations to soup kitchens 100% deductible. These arguments have no purchase for donations to fund opulent church organs, yet these too are 100% deductible under the current tax code. This stark dichotomy is only the tip of the iceberg. Looking at a wider sampling of charitable gifts reveals a charitable continuum. Based on sliding scales for efficiency, multiple theories of fairness, pluralism, institutional competence and social welfare dictate that charitable deductions should in most cases be fractions between zero and one. Moreover, the Central Limit Theorem strongly suggests that combining …


2019 Tax Conference Speakers Nov 2019

2019 Tax Conference Speakers

William & Mary Annual Tax Conference

No abstract provided.


2019 Schedule Nov 2019

2019 Schedule

William & Mary Annual Tax Conference

No abstract provided.


2019 Tax Conference Forms Nov 2019

2019 Tax Conference Forms

William & Mary Annual Tax Conference

No abstract provided.


A Tax On The Clones: The Strange Case Of Bitcoin Cash, Eric D. Chason Oct 2019

A Tax On The Clones: The Strange Case Of Bitcoin Cash, Eric D. Chason

Faculty Publications

No abstract provided.


Cryptocurrency Hard Forks And Revenue Ruling 2019-24, Eric D. Chason Jan 2019

Cryptocurrency Hard Forks And Revenue Ruling 2019-24, Eric D. Chason

Faculty Publications

No abstract provided.


Of Piketty And Perpetuities: Dynastic Wealth In The Twenty-First Century (And Beyond), Eric Kades Jan 2019

Of Piketty And Perpetuities: Dynastic Wealth In The Twenty-First Century (And Beyond), Eric Kades

Faculty Publications

For the first time since independence, in a nation founded in large part on the rejection of a fixed nobility determined by birth and perpetuated by inheritance, America is paving the way for the creation of dynastic family wealth. Abolition of the Rule Against Perpetuities in over half the states along with sharp reductions in, and likely elimination of, the federal estate tax mean that there soon will be no obstacles to creating large pools of dynastic wealth insuring lavish incomes to heirs for generations without end. The timing of these legal changes could hardly be worse. Marshaling innovative economic …


Politics Of Tax Reform: Outline, Evan M. Migdail Nov 2018

Politics Of Tax Reform: Outline, Evan M. Migdail

William & Mary Annual Tax Conference

No abstract provided.


Choice Of Entity After Tax Reform – The New Normal (Outline), N. Pendleton Rogers Nov 2018

Choice Of Entity After Tax Reform – The New Normal (Outline), N. Pendleton Rogers

William & Mary Annual Tax Conference

No abstract provided.


New Rules Of The Road For Interest And Depreciation Deductions And Like-Kind Exchanges After Tax Reform (Powerpoint), Robert D. Schachat Nov 2018

New Rules Of The Road For Interest And Depreciation Deductions And Like-Kind Exchanges After Tax Reform (Powerpoint), Robert D. Schachat

William & Mary Annual Tax Conference

No abstract provided.


Powers Of Deduction: Tax-Saving Strategies Under The Legislation Formerly Known As The Tax Cuts And Jobs Act (Powerpoint), Thomas J. Pauloski Nov 2018

Powers Of Deduction: Tax-Saving Strategies Under The Legislation Formerly Known As The Tax Cuts And Jobs Act (Powerpoint), Thomas J. Pauloski

William & Mary Annual Tax Conference

No abstract provided.


Federal Tax Update (Powerpoint), Stephen L. Owen Nov 2018

Federal Tax Update (Powerpoint), Stephen L. Owen

William & Mary Annual Tax Conference

No abstract provided.


When Are You An Investor Versus A Dealer In Real Property? (Powerpoint), James B. Sowell, Stephen J. Giordano Nov 2018

When Are You An Investor Versus A Dealer In Real Property? (Powerpoint), James B. Sowell, Stephen J. Giordano

William & Mary Annual Tax Conference

No abstract provided.


Applying The New 20% Passthroughs Deduction Under Section 199a In The Real World (Powerpoint), James B. Sowell, Stephen J. Giordano, Mark C. Van Deusen Nov 2018

Applying The New 20% Passthroughs Deduction Under Section 199a In The Real World (Powerpoint), James B. Sowell, Stephen J. Giordano, Mark C. Van Deusen

William & Mary Annual Tax Conference

No abstract provided.


Mergers And Acquisitions Of Closely-Held Corporations (Powerpoint), Jerald D. August Nov 2018

Mergers And Acquisitions Of Closely-Held Corporations (Powerpoint), Jerald D. August

William & Mary Annual Tax Conference

No abstract provided.


Nonqualified Employee Benefits For Privately-Held Companies – Equity And Deferred Compensation Opportunities (Outline), Taylor W. French, G. William Tysse Nov 2018

Nonqualified Employee Benefits For Privately-Held Companies – Equity And Deferred Compensation Opportunities (Outline), Taylor W. French, G. William Tysse

William & Mary Annual Tax Conference

No abstract provided.


Recent Developments In Virginia Taxation, Craig D. Bell Nov 2018

Recent Developments In Virginia Taxation, Craig D. Bell

William & Mary Annual Tax Conference

No abstract provided.


International Provisions Of Public Law No. 115-97 (The “Tcja”) (Powerpoint), William B. Sherman Nov 2018

International Provisions Of Public Law No. 115-97 (The “Tcja”) (Powerpoint), William B. Sherman

William & Mary Annual Tax Conference

No abstract provided.


At A Loss: Excess Business Loss And Nol Provisions Of The Tcja (Powerpoint), Brian J. O'Connor, Stephen M. Sharkey Nov 2018

At A Loss: Excess Business Loss And Nol Provisions Of The Tcja (Powerpoint), Brian J. O'Connor, Stephen M. Sharkey

William & Mary Annual Tax Conference

No abstract provided.


Advising Partners And Partnerships Under The New Centralized Partnership Audit Rules: The Need To Amend Partnership And Llc Operating Agreements (Powerpoint), Jerald D. August Nov 2018

Advising Partners And Partnerships Under The New Centralized Partnership Audit Rules: The Need To Amend Partnership And Llc Operating Agreements (Powerpoint), Jerald D. August

William & Mary Annual Tax Conference

No abstract provided.


Mergers And Acquisitions Of Closely-Held Corporations (Outline), Jerald D. August Nov 2018

Mergers And Acquisitions Of Closely-Held Corporations (Outline), Jerald D. August

William & Mary Annual Tax Conference

No abstract provided.


An Overview Of Partnerships (Powerpoint), Ari Berk, Drew Tidwell Nov 2018

An Overview Of Partnerships (Powerpoint), Ari Berk, Drew Tidwell

William & Mary Annual Tax Conference

No abstract provided.


2018 Schedule Nov 2018

2018 Schedule

William & Mary Annual Tax Conference

No abstract provided.


2018 Tax Conference Forms Nov 2018

2018 Tax Conference Forms

William & Mary Annual Tax Conference

No abstract provided.


2018 Tax Conference Speakers Nov 2018

2018 Tax Conference Speakers

William & Mary Annual Tax Conference

No abstract provided.


The Natural Property Rights Straitjacket: The Takings Clause, Taxation, And Excessive Rigidity, Eric Kades Apr 2018

The Natural Property Rights Straitjacket: The Takings Clause, Taxation, And Excessive Rigidity, Eric Kades

Faculty Publications

Natural property rights theories have become the primary lens through which conservative jurists and scholars view the Constitution’s main property rights provision, the Takings Clause. One of their most striking arguments is that progressive income taxation — applying higher tax rates to higher incomes — is an unconstitutional taking of wealthy taxpayers’ property. This has become part and parcel of well-established battle lines between conservative property rights advocates and their liberal counterparts. What has gone unnoticed is that the very same argument deployed against progressive taxation also deems regressive taxation — applying lower tax rates to higher incomes — an …


2017 Tax Conference Speakers Nov 2017

2017 Tax Conference Speakers

William & Mary Annual Tax Conference

No abstract provided.


2017 Tax Conference Forms Nov 2017

2017 Tax Conference Forms

William & Mary Annual Tax Conference

No abstract provided.


Recent Changes To Rules Governing Disguised Sale And Debt Allocations, Blake D. Rubin, Andrea M. Whiteway, Maximilian Pakaluk Nov 2017

Recent Changes To Rules Governing Disguised Sale And Debt Allocations, Blake D. Rubin, Andrea M. Whiteway, Maximilian Pakaluk

William & Mary Annual Tax Conference

No abstract provided.