Joel Newman

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Professor Joel Newman shares a lifetime of scholarship and tax law

Professor Joel Newman has dedicated more than 40 years of service to Wake Forest School of Law. Despite his many years of legal practice and pedagogy, legal studies were not always in his plans.

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Professor Joel Newman authors ‘A Short and Happy Guide to Federal Income Taxation’

Professor Joel Newman has authored a new book, “A Short and Happy Guide to Federal Income Taxation,” a West Publishing Company publication. The guide addresses basic law school income tax course topics such as deductions, capital recovery and mixed motive expenses.

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Professor Joel Newman’s paper ‘Should Olympic Medals be Taxed?’ featured on TaxProf Blog

Professor Joel Newman‘s paper, “Should Olympic Medals be Taxed?” has been featured on the Law Professor Blogs Network.  Paul Caron of Pepperdine University School of Law, posted the abstract, which follows, on the website’s TaxProf Blog on March 29, 2017.

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Professor Joel Newman’s article “Do IRC Sections 174 and 41 Really Matter?”

Do IRC Sections 174 and 41 Really Matter

Photo of Professor Joel Newman with the Paxton Phoenix

Professor Joel Newman visits the Paxton Phoenix, the steam-powered automobile

In the spring of 2011, I saw a piece in The New York Times about a steam-powered automobile, the Paxton Phoenix.  The car had been developed by Robert Paxton McCulloch, heir to the McCulloch chainsaw fortune.  He initiated the project in 1949, and finally abandoned it in 1954.  According to the sole, surviving member of the team—a retired foreman living in California—the project was killed by unfavorable tax laws.  Naturally, I was intrigued. Continue reading »

Faculty News and Notes Winter 2013 – 2014

Following is the most recent roundup of Wake Forest University School of Law’s faculty research, publications, presentations, honors and awards. Continue reading »

Professor Joel Newman quoted by Reuters regarding a medical marijuana business losing in Tax Court

WASHINGTON, D.C. – The U.S. Tax Court has ruled against a San Francisco medical marijuana seller, snuffing out his business expense deductions, in a decision highlighting the cannabis business’s legal limbo. Continue reading »

Professor Joel Newman on Indoor Tanning Taxes: Health Care Reform and the Excise Taxon the Artificial Suntan

Editor’s Note: This article originally appeared in the June 2012 edition of the Lexis Federal Journal Quarterly.

The long debate on health care reform produced heat as well as light. Speaker of the House John Boehner became especially incensed about the proposed legislation. He was, “…so apologetic you had to wonder if he had just discovered one of its more obscure revenue-generating provisions, a tax on indoor tanning salons. But the laughs evaporated soon enough.”

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Professor Joel Newman asks ‘Did the Tax Laws Torpedo the Paxton Phoenix Steam Car?’

Editor’s Note: this article was reproduced with the permission of Matthew Bender & Company, Inc., a member of the LexisNexis Group of companies.

Professor Joel Newman asks “Did the Tax Laws Torpedo the Paxton Phoenix Steam Car?” in the March 2012 edition of the Lexis Federal Tax Journal Quarterly. Continue reading »

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Professor Joel Newman named American Bar Foundation Fellow

Wake Forest University School of Law Professor Joel Newman has been named a Fellow of the American Bar Foundation. He was inducted on Sept. 10, 2010. Membership in The Fellows is a great honor limited to one-third of 1 percent of the lawyers in America. Continue reading »