Month: June 2019

Heather Field on Tax Lawyers as Tax Insurance

Published on Author Manoj Viswanathan

A “tax opinion” is a formal, written statement provided by a lawyer to a client about the tax consequences of a specific transaction. In addition to describing the expected tax treatment, the opinion also specifies the lawyer’s confidence in this determination—a “will” opinion indicates near certainty; a “more likely than not” opinion is much more… Continue reading Heather Field on Tax Lawyers as Tax Insurance →

Manoj Viswanathan on the SALT Deduction Limitation

Published on Author Heather Field

Much has been said about the new $10,000 cap on the federal deduction for payments of state and local taxes (“SALT”), but the commentary generally focuses on the state-level impacts and responses. My colleague Manoj Viswanathan, in his recent essay, “Hyperlocal Responses to the SALT Deduction Limitation,” published in the Stanford Law Review Online, argues that this… Continue reading Manoj Viswanathan on the SALT Deduction Limitation →