Don’t Burst the Bubble: An Analysis of the First-Time Homebuyer Credit and Its Use as an Economic Policy Tool

In 2008, faced with a looming real estate crisis, Congress hastily acted to stabilize the economy by offering a first-time homebuyer credit. This tax credit was trumpeted as a solution to the excess inventory of homes for sale and to stop the free-fall in home values. The credit, however, failed to deliver on its promises. By analyzing the first-time homebuyer credit, its creation, its implementation and its economic impact, this Article concludes that, when compared to alternative policy solutions, Congress erred in using the tax code to implement a first-time homebuyer credit

Paying the IRS Whistleblower: A Critical Analysis of Collected Proceeds

Congressional changes to the IRS Whistleblower Program were intended to induce more participation in the program by allowing larger incentives and greater certainty that whistleblowers would be paid. Since the Program was amended, tax whistleblower tips have increased 76 percent1 and revenue collected due to whistleblowers has increased 79 percent.2 Despite a rise in tips and revenue collected, whistleblower payments have not increased. In fact, the number of tax whistleblower awards paid has decreased 44 percent.3 We hypothesize that this trend is due to the administration of the program but also to the interpretation of “collected proceeds.” Collected proceeds are tax revenues collected due to a specific whistleblower tip and comprise the pool of money from which a tax whistleblower award is made. While scholarship exists examining the Whistleblower Program amendments and their effects, no scholar has critically examined the crux of the Whistleblower Program: what should constitute collected proceeds

Should Religious Organizations Worry about IRS Audits?

A great deal of media attention has focused on recent perceived financial abuses of churches and religious organizations. Cases of fraud within religious organizations have fueled the public perception that churches require some form of monitoring to prevent financial abuse. However, the IRS has limited authority to audit religious organizations under section 7611, and the results of such audits are generally unavailable to the public. Through a Freedom of Information Act request, we obtained the outcomes of all section 7611 IRS audits of religious organizations conducted between 2001 and 2010. We found that although the number of both churches and nonchurch-related organizations (NCROs) increased significantly during the period examined, the number of IRS audits did not rise. We also analyzed religious organizations’ chances of being selected for an IRS examination and the likely outcome of an examination. In most cases the audits ended with no change to the organization’s status, or a delinquent tax return was secured. This information is useful for churches that may face or are currently under IRS examination. Further, this information can help tax practitioners assess examination outcomes and advise clients

Lost Opportunities: The Underuse of Tax Whistleblowers

Legal literature on whistleblower programs often assumes an agency’s ability to effectively use a whistleblower tip. This article challenges that assumption in the context of tax enforcement by exposing the Internal Revenue Service’s dismal performance. The article uses Fourth Amendment jurisprudence, taxpayer privacy law, as well as whistleblower and tax enforcement literature to propose a new approach to using information from tax whistleblowers

NOL Poison Pills: Using Corporate Law for Tax Purposes

Hundreds of thousands of corporations report net operating loss (NOL) carryovers every year.1 Corporations, with the benefit of NOL rules, may turn disappointing losses into favorable tax results. During economic recovery, corporations are in better position to fully utilize the benefits of NOLs generated in prior years. NOL usage is not without peril, however. Corporations should carefully monitor corporate ownership changes to ensure that NOLs are not lost to the NOL trafficking rules. Under the NOL trafficking rules, excessive shareholder turnover triggers substantial NOL limitations. Unfortunately, corporations are not in control of their shareholder turnover, and therefore not in complete control of their NOLs. To maintain NOL control, corporate tax planning may utilize defensive tactics found in corporate law, including an NOL poison pill plan. This article discusses the motivations, benefits and consequences of NOL poison pill plans

A reflective account of using child-led interviews as a means to promote discussions about reading

This article provides a reflective account of the participatory methodology employed in the Growing up a Reader research study. The aim of the Growing up a Reader study was to explore children's (age 9–11) perceptions of a ‘reader’ and their reasons for reading different text types. This involved training 12 primary school children as student interviewers. Students were interviewed by the adult research team and then interviewed peers themselves (n = 21). For the purpose of this reflection, a data-driven inductive thematic analysis of the interviews was conducted and comparisons were drawn between those led by children and those led by adults. Child-led interviews were more likely to lead to natural discussions about reading as students engaged in the co-creation of knowledge surrounding their shared reading experiences. Child-led interviews also featured creative communication styles and reflexive use of language to understand each other's reading experiences. Reflections upon child-led interviews as a tool for deepening understanding of children's literary experiences are made in order to provide methodological insights relevant for both researchers and practitioners seeking to use participatory methods to collaborate with children. Limitations regarding training and support, and ethical and epistemological considerations regarding adult input are also discussed.</p

Using participatory approaches with children and young people to research volitional reading

Children and young people’s volitional book reading has declined consistently over the last two decades, and research efforts to reverse this trajectory would benefit considerably from the input and insights of children and young people. Meanwhile, the expanding and intensifying role of technology in many children and young people’s daily lives makes it difficult for adult reading researchers to stay informed and up-to-date on how technology is shaping and diversifying volitional reading practices and experiences. Participatory research approaches aim to break down the traditional barriers which exist between the researcher and the researched, creating inclusive, non-hierarchical relationships which support collaborative research, and draw upon the knowledge and experience of all involved. While there is growing interest in, and use of, participatory approaches in reading research, this is the first review, to the best of our knowledge, which focuses on participatory research approaches within the context of children and young people’s reading. The aim of this review article is to a) summarise the principles, benefits, and methodological considerations associated with participatory approaches with children and young people, and b) describe different participatory reading research studies with children or young people, and reflect on how these can inform future research into volitional reading. This article aims to inform, support, and encourage the reading research community to consider adopting participatory principles and practices in their work (where appropriate), as we work collectively to enhance knowledge, thinking, and practice in relation to children and young people’s volitional reading.</p

Working with a young people’s advisory panel to conduct educational research:Young people’s perspectives and researcher reflections

Participatory Action Research (PAR) with young people aims to centre their knowledge and experience in research which is meaningful to them. In recent years, there has been an increase in PAR approaches within education, yet there is still a need for greater methodological insight into this approach. In this project, which explored adolescents’ reading motivation and engagement, a young people's advisory panel was convened to ensure the perspectives and experiences of young people were central to the project. The panel consisted of 6 young people (13–15-years-old) from 3 geographically dispersed schools in Scotland. The panel worked with researchers at the Universities of Edinburgh and Dundee and a national literacy organisation across one academic year to plan and design the project, carry out data collection, and support interpretation the findings. In this article, young peoples’ perspectives on their role and adult perspectives on the methodological approach of working with a young people's advisory panel on a reading research project are explored. Discussion of the benefits (e.g., challenging systems of power and privilege, producing outcomes which are more relevant to pupils), limitations (e.g., truly disrupting hierarchies of power), and considerations (e.g., planning participatory projects, including diverse and representative voices, and ‘bounded empowerment’) for researchers interested in convening youth advisory panels for educational research are provided to contribute towards the growing interest in PAR approaches in educational research