28 NewsQuarterly 1 (2008-2009)

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Fifty-three percent of workers worldwide surveyed in 2008 reported they would rather
work and earn less, but have a happy, stress-free, fulfilling life. For the 78 million baby
boomers and their pre- and post-boom colleagues this desire has resulted in a phe-
nomenon that has been labeled encore jobs. See Marc Freedman, ENCORE: FINDING
WORK THAT MATTERS IN THE SECOND HALF OF LIFE (Perseus Book Group 2007); Richard J.
Leider & David A. Shapiro, SOMETHING To LIVE FOR: FINDING YOUR WAY IN THE SECOND HALF
OF LIFE (Berrett-Koehler Publishers 2008). As these idealistic youth of the 1960s find
themselves approaching, reaching and passing 60, they are looking for opportunities
for fulfillment in the second act or encore of their lives. I suspect that many of you are
more than ready for or contemplating your own encore performance.

The desire for fulfillment is not
exclusive to the exploding population of
pre-, post- and current Boomers. Indeed,
pro bono is now a hot area of legal
practice. A recent analysis of emerging
trends in the legal industry states that pro
bono practice has become a great way to
recruit new lawyers, provide professional
development and give back to the
community. Memo from ABA Market
Research Department Director Laura
Metzger to Law School Deans (June
2008) recounting the Hot Practice Areas
found by Robert Denney in late 2007.
The Section of Taxation recently
announced its first pro bono fellowships

for recent law school graduates or judicial
clerks for work in tax-related public
service organizations, See  'tt! Iw
So in the wise, wistful, whiney words
of the iconic 1960s anti-hero Woody
Allen, now 72, Do something. The years
will pass by and you'll be disappointed...
The trick is to engulf life.' As 2008
makes its way into the history blogs and
2009 promises change and hope, this
essay will present an opportunity for
fulfillment tailored especially for tax
professionals. In the haunting words
of advice from Randy Pauscl's

Focus on Pro Bono
(1) Time is of the Essence...;
(2) MSU Law Students Tackle
Hurricane Katrina Victims'
Tax Problems

From the Chair
William J. Wilkins

Interview
IRS Commissioner Douglas Shulman 4

Opinion Point
Taxation of Damage Awards

Points To Remember            13
(1) Ninth Circuit Allows Late Challenges
to Partnership Allocations by Bankrupt
Partners-Does This Open the Door to
TEFRA Abuse?; (2) Year-End Actions by
Plan Administrators

Tax Bites
At the Movies: A Contest
Statement of Policy Favoring
Tax Simplicity Stabilfy,
and Transparency

CLE Calendar                   22
Government Submissions Boxscore 23

Chapman Univesity School of Law, Orange, CA.
Notably 745 of Amricans believe In iie ;aoterdeath. Pew Forum on Religion & Pbi
Life, L.S. F'eliou3 Landscape Surey August 203S) available at httpi/legn ewvo
rurn.orghepo t. When Woody Allen was asked what he be ,  will coe back as
when he's rincarnate , h rapondad: i always th iht a speng. '

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