The IRS has released its annual list of the top 12 tax related schemes, described in detail here. In summary, the list includes the following warnings for taxpayers: Identity Theft Tax fraud related to identity theft is at the top of the list. For instance, a fraudster may use a legitimate taxpayer’s identity to fraudulently …
March 2013 archive
Permanent link to this article: https://betweenthenumbers.net/2013/03/irs-warns-of-dirty-dozen-tax-schemes/
Mar 22
Third Circuit supports whistleblower claim based on a more lenient standard
A Tyco Electronics accountant named Jeffrey Wiest consistently reported (and denied payment for) what he thought were inappropriate employee entertainment/party expenses because they did not meet IRS guidelines and his employer’s internal guidelines. The accountant claims that he was terminated in retaliation to his persistence in following proper accounting procedures. A district court threw out …
Permanent link to this article: https://betweenthenumbers.net/2013/03/third-circuit-supports-whistleblower-claim-based-on-a-more-lenient-standard/
Mar 21
Lost Compensation Settlement Tool Allows You to Assess Economic Damages Accurately and Efficiently
Lost compensation is a method of capturing economic damages in personal injury, medical malpractice, wrongful termination, failure to promote and other similar torts. Independent damages experts are often employed to calculate lost compensation because of their unique background/skill set. However, the desire to minimize costs means that these experts are often employed after settlement efforts …
Permanent link to this article: https://betweenthenumbers.net/2013/03/lost-compensation-settlement-tool-allows-you-to-assess-economic-damages-accurately-and-efficiently/
Permanent link to this article: https://betweenthenumbers.net/2013/03/federal-claims-judge-approves-aig-classes-in-55-billion-class-action-lawsuit/
Mar 14
Seventh Circuit bars class certification because of damages
The Seventh Circuit decided Espenscheid vs. DirectSat, Inc., (No. 12-1943, February 4, 2013), upholding the district court’s decision to not certify a class of employees containing wage and hour law violations. The ruling is notable as class certification was denied because the class members had different amounts of claimed work that had not been properly …
Permanent link to this article: https://betweenthenumbers.net/2013/03/seventh-circuit-bars-class-certification-because-of-damages/
Mar 11
Patent Infringement Damages Under Fire
Seventh Circuit Judge Richard Posner is one of the foremost legal scholars in the United States, particularly on economic matters. He has written numerous influential opinions and almost forty books on law and economics, teaches at the University of Chicago Law School, and is widely respected in the legal community. And two of his recent …
Permanent link to this article: https://betweenthenumbers.net/2013/03/patent-infringement-damages-under-fire/
Mar 10
Has California’s tax on the rich driven out the poor and middle class?
A recent article from the Wall Street Journal identifies a paradox: (i) “conservative lore” predicted rich people would leave California in response to a massive tax increase, yet, in fact, (ii) poor and middle class people have left instead. As evidence, the article summarizes the following about those who have left the state: 1. Their …
Permanent link to this article: https://betweenthenumbers.net/2013/03/has-californias-tax-on-the-rich-driven-out-the-poor-and-middle-class/
Mar 08
Another plaintiff patent damage expert gets excluded
In AVM Technologies vs. Intel Corporation, USDC for Delaware, case No. 10-610-RGA (February 21, 2013), Plaintiff’s damage expert witness was excluded entirely, thus gutting a case that the trial court acknowledged was otherwise worth $300 million or more. Recent patent cases emphasize the use of comparable licensees in determining a reasonable royalty, but have also …
Permanent link to this article: https://betweenthenumbers.net/2013/03/another-plaintiff-patent-damage-expert-gets-excluded/
Mar 06
IRS cutting Whisteblower Awards
The far reaching implications of sequestration are affecting IRS whistleblower awards. The IRS website contains the following announcement: “Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, certain automatic reductions will take place as of March 1, 2013. These required reductions include a reduction to awards paid …
Permanent link to this article: https://betweenthenumbers.net/2013/03/irs-cutting-whisteblower-awards/
Mar 04
An Example of “Useless” Research that Isn’t
Over the years, Federal funding for the social sciences has come under fire from critics of all sorts, including the House of Representatives, which passed an amendment in 2012 to completely cut the National Science Foundation (NSF) funding for political science in particular. The argument in favor of these cuts usually sounds something like what …
Permanent link to this article: https://betweenthenumbers.net/2013/03/an-example-of-useless-research-that-isnt/
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Mar 15
Federal Claims Judge Approves AIG Classes in $55 Billion Class-action Lawsuit
March 15, 2013
In 2008, there were many complaints surrounding the US government bailout of AIG when it was on the verge of collapse and the disagreement as to whether that was the right course of action continues today. On Monday, March 11, US Court of Federal Claims Judge Thomas Wheeler approved two classes in what was initially …
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