Taxation Law Books

When I was in Law School, while in practice, while a member of the Uniform Law Commission, and while a member of the Michigan State Senate, THIS is the book I've reached for when I needed to understand the UCC.

If you are taking a UCC course, buy this book. You will not find a more lucid analysis of the Code.

This book is a nice overview of some of the foreseeable legal issues of virtual worlds. I also attended a seminar hosted by the author, Benjamin Duranske, that was sponsored by the American Bar Association. The "session" I attended was in second life in the ABA building. You guessed it, I am a lawyer. As such, the case law in the appendixes was, for me, interesting reading.

Executive Summary: The user agreement, aka terms of service (TOS), governs all (at first). The service providers can pretty much do what they want with your account as long as they don't violate their TOS. On the other hand, the service providers govern their virtual worlds as little as possible because they don't make money from governance. They see it as customer support and retention. Legal arguments aren't the best recourse because the customer support reps are judge and jury.

Repeating: If you have an issue in world, read the TOS and complain to the service provider. If you have an issue with a service provider, read the TOS and then complain to the service provider. Any competent lawyer representing you in such a dispute would do exactly that. Finally, the courts are not well equipped to deal with virtual world issues. They would first look at venue (can this court properly hear this case?) which is an open subject that is somewhat addressed in the book. If the court has venue, then the first thing that is likely to happen is a detailed parsing of ... the TOS.

If satisfaction can't be wrung from the service provider, then it may be time to apply real world laws. Do they apply? The author, Duranske, says it best: "... real world laws apply to virtual worlds to exactly the degree that virtual worlds attempt to offer real world possibilities."

As to the target audience, non-lawyers can certainly get a lot out of the book. It is published by the ABA though and it isn't exactly a light summer read. The chapters are mostly arranged along the lines of legal subjects without going deep into any one. What I liked is that the book hints at where to look to perform certain functions like copyrighting/trademarking an avatar.

Regardless, what surprises me most is the sheer magnitude of legal issues arising in virtual worlds. At first I thought it would be mostly intellectual property type stuff. Not even close. The only "real world possibility" that doesn't seem to have a close analogy is homicide.

Basically, all aspects of real world law seem to come into play as soon as soon as something with a real world monetary value changes hands (with or without consent). Contracts, taxes, torts, etc. Even employment law (although the book doesn't address employment law). Civil and criminal procedure don't yet come into play until real world courts are involved. That will change as soon as a service provider establishes a "coercive entity" and a judge.

Everyone who operates a business that is involved with virtual worlds should be glad that this book was written. As everyone in that situation knows, virtual worlds give rise to a huge number of legal questions, and this book collects those and answers to them all in one place using a writing style that's very readable even for non lawyers like myself.

One thing that I really appreciated about the book is that it describes the degree of certainty associated with different topics. For example, each chapter ends with a section on "open questions" relating to the subject of the chapter, whereas there are other places where the text states very definitively that a given thing occurring in a virtual world would or would not be treated exactly the same way as elsewhere on the Web or in the physical world.

Another thing that I appreciated about the book was how clearly it is written. While it does include case law, etc. that is likely to be of intellectual interest to lawyers specializing in virtual law, it also includes a lot of very practical and accessible information for those of us who have business interests in virtual worlds.

I think it will be particularly useful to three groups of people. First, it will provide a lot of information for people running in world only businesses for which legal advice is probably prohibitively expensive. Second, it will provide small and medium size businesses operating in virtual worlds enough of an understanding of the issues to judge when it's likely to be cost-effective to seek out specialized legal advice and when it's not. Third, I think it will be helpful to the large companies operating in virtual worlds. Many of them have their own legal staff, but they are often are unfamiliar with virtual worlds. This book will help them get up to speed quickly (and avoid slowing down their companies virtual world initiatives).

I am in the second category, and I already feel I got my money's worth from the book in terms of not having to pay for unnecessary legal advice and / or worry that I should be checking things with a lawyer (particularly given that currently most "regular" lawyers are not very knowledgeable about virtual worlds). All in all, I found this book to be extremely helpful on a first read, and it's one I am sure I will refer back to in the future.

The one topic I wish would have received greater attention in the book is jurisdiction since so much interaction in virtual worlds involves people in different countries.

I'm a tax attorney and I have this book as a desk resource. It is a great general text on a variety of tax issues. This book has helped me find the quick answers to countless "simple" tax questions.

This textbook has a counterpart INDIVIDUAL INCOME TAX, also published by West's Federal Taxation that is used extensively by business schools as well as accounting classes covering all the aspects of taxation.

The book is written in an easy to understand manner, which follows the most important codes that are used in tax today. The only drawback of these books are the fact that since the tax codes are constantly changing, the books are updated about every year.

Perhaps outdated but offering ample food for thought is Sean Melvin's Y2K Business & Legal Survival Guide, which deals with handling the legal aspects of Y2K-related claims. The explanations of liability and computer law still apply.

Traffic Court is not about justice, it is about revenue. Books like this for the lay public are essential in protecting your rights. We listed this book on the sbrusa.com website as a recommended book for anyone who uses drivers in their business (such as vending companies).

A simple language great manual that keeps all accountants and preparers updated on income tax compliance and planning. It's a must have. It has already been of great use. It's simple language, charts and tables are very helpful with any kind of allowable deductions available. It's a great reference to have.

The CCH annual Master Tax Guide is the premiere source of summary tax information for tax professionals. This volume contains a concise summary of the major areas of personal and corporate taxation for the 1999 tax year.

This book is the Retirement Distribution Bible! I use this for many clients. Combined with their software makes it an invaluable tool.

I bought this and two other books on the same subject. This is the one I read first. It covers 9 different aspects of the subject so you only have to read the chapters that are applicable to your situation. Very readable. A good place to start.

This books includes alot of great, sound information, and is detailed enough to allow a person to discuss the options with their attorney/CPA. It does not provide enough info to allow the nonprofessional to draft any documents. A little disappointed that nearly all of the wealth transfer techniques deal with CRTs. However, they are described in the context of their application in different scenarios, which provides a clear illustration of their benefits (which are significant). In summary, this book provided a number (about a dozen) great ideas for using ones assets to generate income while alive and transferring the assets to children with reduced estate taxes.

I have been using this book for the past 2 years while both managing an annuity training department and now annuity customer operations. Although I can find other books with annuity info, this book focuses solely on non-tax qualified annuities. It is very specific and does not generalize about various plans. This book has info related to all types of non-qualified annuities (i.e. fixed, variable, equity indexed, and immediate.) It discusses, with great detail, tax ramifictions for certain actions. I was so impressed by this book that I have made several members of my team read this as a goal for their reviews.