
Distinguished Visiting Professor of Law, @uflaw; William W. Oliver Chair Emerita in Tax Law, @IUMaurerLaw.
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ALT The abstract of "Decoding Deductions" by Lederman & Lawsky reads as follows: "This Article provides new insights into the federal income tax deductions available to individuals. First, after organizing individuals' deductions into the familiar categories of expenses versus losses and three types of activities that individuals engage in, the Article shows the advantages of bifurcating the standard losses category. Second, it focuses on limitations that the Internal Revenue Code (Code) imposes on deductions. It identifies two distinct types of 'separate limitations' the Code uses, and it uncovers important patterns in how the Code treats disallowed amounts. Third, although the federal income tax is generally described as using annual accounting, the Article shows that the categories that individuals' deductions fall into map neatly onto annual, transactional, and lifetime-esque accounting, with limited and revealing exceptions."

ALT A photo of a Zoom screen showing a room at the University of Wisconsin, with Zoom attendees in squares across the top. The room has rectangular tables arranged in a large square. The speakers area is almost off screen, but many of the attendees are visible. The photo was taken on Saturday when the camera in the room panned out and swiveled.













