The two-day Tulane Tax Policy Roundtable concludes today: Steven Sheffrin (Tulane), Restitution for Ponzi Schemes: Are Securities Laws Consistent With Tax Law? Discussant: Rebecca Kysar (Brooklyn) Kristin Hickman (Minnesota), Unpacking the Force of Law Discussant: Leigh Osofsky (Miami) Shu-Yi Oei (Tulane), Who Wins When Uncle Sam Loses? Social Insurance and...

The Tax Court on Thursday denied an attorney's deduction of $72,000 of business development expenses incurred in attending equestrian events in which his son rode. Trupp v. Commissioner, T.C. Memo. 2012-108 (Apr. 12, 2012): During the 1970s petitioner competed in equestrian events all over the country and was at one...

LSAT Blog, How *Much* Easier to Gain Admission to Top 14 Law Schools?: Recent size of incoming classes at T14 (in total): ~4,497 Applicants this cycle with 170+ scores: ~3,538 Applicants last cycle with 170+ scores: ~4,401 It will be impossible for the top-14 law schools to maintain enrollment numbers...

New York Times, Tax Face-Off: Romney vs. Me, by Timothy Egan: This year, I did my 1040 and its attendant nightmare forms while comparing my family’s financial documents with those of Willard M. Romney's. He paid 13.9% in taxes on income of $21.7 million for 2010 and about the same...