Podcast appearances and mentions of jad chamseddine

Tax Notes reporters Jad Chamseddine and Alexis Gravely speculate on upcoming tax changes and developments on Capitol Hill this year. Jeffrey A. Friedman of Eversheds Sutherland (US) LLP talks about his recent Tax Notes piece, “The Complexities of State Taxation of Digital Advertising.”For additional coverage, read these articles in Tax Notes:Wyden Eyes Corporate Tax, Capital Gains Reform as Finance ChairTax Staffers Highlight Focus on Bipartisanship for 117th CongressWays and Means Set to Welcome Three New GOP MembersDate Scheduled to Determine Fate of Trump’s Tax ReturnsSenate Confirms Yellen as Treasury SecretaryImmediate Tax Increases Unlikely, Treasury Official SaysRetirement and Health Benefits Seen as Likely Revenue Offsets**This episode is sponsored by University of California, Irvine Law School’s Graduate Tax Program. For more information, visit law.uci.edu/gradtax.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.***CreditsHost: David D. StewartExecutive Producers: Jasper B. SmithShowrunner: Paige JonesAudio Engineers: Derek Squires, Jordan ParrishGuest Relations: Nicole Wilder

Tax Notes Today Federal reporters Jad Chamseddine and Asha Glover outline the tax issues Congress will likely tackle this fall. For additional coverage, read these articles in Tax Notes:Stalled Retirement Bill Causing Frustration in SenateTask Force Results Shed Little Light on Extenders FutureDebt Limit, Budget Caps Bill Heads to Trump’s DeskGillibrand Drops Out of Presidential Race Ahead of DebatesMore Democratic Candidates Eye Capital Gains Tax Hike

Tax Notes Today reporters Kristen Parillo and Jad Chamseddine discuss the Senate’s recent action on several tax treaties after a nearly decade-long delay. For additional coverage, read these articles in Tax Notes:Senate Finishes Tax Protocols, Sets Sights on Treaties NextSenate Ratifies Spain Protocol, More to ComeSenate Doesn’t Want Further Debate on Tax TreatiesTax Treaties Advance in Senate With Little BacklashTreaties Expected to Advance Despite Amendments ScareNegotiations Over Paul’s Hold on Tax Treaties Break Down

Tax Notes Today reporters Ryan Finley and Jad Chamseddine review several European countries’ unilateral approaches to taxing the digital economy and the U.S. reaction. For additional coverage, read these articles in Tax Notes:France Confident of G-7 Digital Taxation Deal Despite U.S. ProbeFrench Senate Passes DST Despite U.S. Tariff ThreatsU.K. Proposes Draft DST Legislation Containing Double Tax ReliefLawmakers Warn of Effect of Digital Services Tax on Trade PactsTrump Orders Investigation of French Digital Services Tax***This episode is sponsored by University of California, Irvine Law School’s Graduate Tax Program. For more information, visit law.uci.edu/gradtax.

Jad Chamseddine and Paul Jones discuss the Wayfair decision and the long-term implications for state and foreign taxes.Listen to previous episodes on Wayfair:Navigating the Post-Wayfair WorldU.S. Supreme Court Overturns QuillFor additional coverage, read these articles in Tax Notes: Texas Bill Would Provide Statewide Local Tax Rate for Remote SellersWayfair Settlement Is a Missed OpportunitySouth Dakota and Wayfair Litigants Reach SettlementCalifornia Looks to Follow South Dakota on Remote Sales Tax EnforcementAlabama Remote Sales Tax Law Could Be Model for Other StatesCalifornia Likely to Implement Wayfair in 2019Beyond Wayfair: Implications for State and Foreign Taxes

Lynn Nichols Federal Tax Update Podcast July 16, 2018, edition   We are back after a short hiatus! Listen as Lynn Nichols provides commentary on 8 Items pertaining to current developments in U.S. tax law. This week’s topics include: OUR PROGRAM THIS WEEK INCLUDES . . . . . .   Termination of S Corp Election Inadvertent The IRS ruled that a company will be treated as continuing to be an S corporation from the date its subchapter S election was inadvertently terminated when a trust became an ineligible shareholder, provided some conditions are met. [LTR 201824003; 10/27/2017, rel. 6/15/2018] (FIVE LIKE THIS IN SAME WEEK ! ! !) IRS Scraps Leveraged Partnership Rules, Keeps Bottom-Dollar Ban The IRS is reverting to old rules on leveraged partnerships in response to an executive order calling for the removal of burdensome regulations, but bottom-dollar guarantees didn’t make the cut. [Tax Notes Today; June 19,2018, article by Eric Yauch] IRS Proposed Disguised Sales Regs Would Reinstate Prior Regs The IRS has published proposed regulations on the allocation of partnership liabilities for disguised sales, adding that if finalized, the proposed regs would reinstate prior final regs on allocations of excess nonrecourse liabilities of a partnership.  [REG-131186-17; 83 F.R. 28397-28401; 6/19/2018]   Medical Marijuana Business Can't Claim Deduction for Wages The Tax Court held that deductions for wages a couple received from their medical marijuana S corporation weren’t attributable to cost of goods sold and are disallowed under section 280E as attributable to trafficking a controlled substance, rejecting the couple’s claim that denial of the deduction is discriminatory. [Loughman, Jesse M.; No. 21464-15; T.C. Memo. 2018-85, 6/18/2018]   Decedent Held Rights to Cash Surrender Value of Life Insurance The Tax Court refused to hold that sections 2036 and 2038 are inapplicable in valuing a decedent’s interests in three split-dollar life insurance agreements to the cash surrender value at the date of death because the bona fide sale exception was not satisfied and held that summary judgment on inapplicability of section 2703 was inappropriate. [Cahill, Estate of Richard F.; No. 10451-16; T.C. Memo 2018-84, 6/18/2018]   Microcaptive Insurer Case Leaves Open Questions The Tax Court granted the IRS another victory June 18, adding to the agency’s arsenal for combating abusive captive insurance arrangements, but the opinion failed to offer additional guidance for taxpayers.  [Tax Notes Today; 6/20/2018, Article by Emily Foster]   Property Manager Was Employee; Company Hit With Employment Taxes The Tax Court held that the property manager for a company that operated an apartment complex was an employee and not an independent contractor and held the company liable for employment taxes, additions to tax, and penalties; the court held that the company wasn’t entitled to relief under section 530 of the Revenue Act of 1978. [Hampton Software Development LLC; No. 30231-13L; T.C. Memo. 2018-87, 6/19/2018]   Fraudulent Filer Can’t Avoid Penalties With Amended Returns   The Tax Court held that an individual who admitted to filing fraudulent returns but who later filed amended returns reporting additional income was still liable for the penalties, finding that he could not avoid fraud penalties by filing amended returns because an amended return doesn’t purge the original fraudulent filing or fraudulent intent. [Gaskin, Gary et al. v.; No. 7475-17; T.C. Memo. 2018-89; 6/20/2018]   S. Supreme Court Overturns Quill, Freeing States to Tax Online Sales The U.S. Supreme Court held June 21 in South Dakota v. Wayfair Inc. that the physical presence standard in Quill Corp. v. North Dakota is "unsound and incorrect," freeing states to require tax collection on remote sales. [Tax Notes Today; 6/22/2018, Article by Jad Chamseddine]     [South Dakota v. Wayfair Inc.; No. 17–494]

Jad Chamseddine talks to David Stewart about the U.S. Supreme Court's decision to overturn Quill in South Dakota v. Wayfair Inc. and the implications of that ruling for state tax collection on remote sales.

David Stewart talks to legal reporter Jad Chamseddine about the Wayfair case pending before the U.S. Supreme Court, which could overturn the Quill decision and lead to a major change in the taxation of online commerce.