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Tax Talks
Eighth Circuit Affirms Mayo Clinic’s “Educational Organization” Status and UBTI Refund
By Amanda H. Nussbaum, Richard M. Corn, Kendall Keshtkar
On July 25, 2025, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court decision holding that the Mayo Clinic is entitled to an $11.5 million refund…
Nonprofit Law Prof Blog
The Ivies and the Muni Bond Market
Ongoing tensions between (currently tax-exempt) elite universities and the Trump administration are spilling over into the municipal bond market, and it is impacting capital markets in consequential ways. The most recent…
Taft Tax Insights
Did you know that gain remaining after a partial exclusion on a sale of Qualified Small Business Stock (QSBS) is subject to a 28% capital gains rate?
Content by Marko Belej with assistance by summer associate Natalie Esshaki Before the One Big Beautiful Bill was passed, Section 1202 allowed a taxpayer who held QSBS for a minimum…
TaxSlaw
Drop & Swap Like-Kind Exchange Passes Muster in New York
By Louis Vlahos
Conformity New York’s personal income tax law, like that of other states, conforms with the federal system of income taxation.[i] The reason typically given for such conformity is to simplify tax…
HR Law Talk
Reminder – Annual Deadline (July 31) to Report and Pay PCORI Fee is Approaching
By Susie Bilbro, Catherine Simpson
The annual filing (and fee payment) for applicable self-insured health plans and specified health insurance policies used to fund the Patient-Centered Outcomes Research Institute (PCORI fee) is due by Thursday,…
Start Making Sense
Zero revenue cost from any and all tax cuts, forever and ever
By danielshavirodanshaviro-blogspot-com
I gather that the GOP score of the Senate tax bill DOES show budgetary costs as being lowered by the expiration of new provisions (such as the higher standard deduction)…
Louisiana Law Blog
Supreme Court Allows the IRS Seizure of Unrelated Refunds to Cut Off a Taxpayer’s Right to Tax Court
By Jaye Calhoun, Divya Jeswant, Kevin Baker
A new Supreme Court decision creates potential traps for the unwary and gives the Internal Revenue Service (“IRS”) nationwide power to leave a taxpayer without a remedy to contest certain…
California Public Agency Labor & Employment Blog
The Real Reasons Your Public Agency Needs a Section 125 Cafeteria Plan
Public agency employers in California are facing increasing pressure to offer competitive, flexible, and legally compliant employee benefits. But there is one foundational document many agencies still overlook or perhaps…
Nonprofit Law Prof Blog
Mayer, Trump’s Threat to Nonprofits
I recently had the opportunity to write a short essay for the European Verfassungsblog On Matters Constitutional website. It is titled Trump's Threat to Nonprofits: How the Government is Using Tax…
Triage Health Law
Reconciliation Bill Provisions Targeting Tax-Exempt Organizations Affect Hospitals
The budget reconciliation bill passed by the House of Representatives on May 22, 2025 (the “Reconciliation Bill”), contains a number of provisions targeting tax-exempt entities. While these provisions do not…