Business, 27.11.2019 20:31, canonmille2
In the "old days," one partner could contribute cash and another partner could contribute an equal value of appreciated property with no subsequent record-keeping requirements. future depreciation deductions and gains on sale of the property could be allocated to both partners equally, thereby shifting income from one taxpayer to another. a partner in a lower tax bracket (or with expiring net operating losses and the like) could report the share of the gain on sale of the asset with a relatively low corresponding tax burden. section 704(c)(1)(a) was added to the code to ensure that the partner contributing the property pays tax on any built-in gain. this prevents income shifting among taxpayers and loss of revenue to the u. s. treasury. there is no corresponding provision for s corporationsâgains and losses and depreciation expense are allocated among the shareholders without regard to any built-in appreciation on contributed property. assume that a new partner or shareholder owns land valued at $100,000 in which the tax basis is $60,000. how would the "incidence of taxation" differ for the entities and owners if (1) the owner (partner or shareholder) sold the property and contributed the $100,000 proceeds versus (2) the owner (partner or shareholder) contributed that same property with the entity selling it for $100,000? what theory of partnership taxation supports this difference in treatment?
Answers: 3
Business, 21.06.2019 22:00, isabelj2004
Email viruses are typically launched by people who modify header information to hide their identity. brightmail's enrique salem says that in the future, your email reader will authenticate the sender before putting hte message in your inbox. that way, you will know the source of all the emails you read. alan nugent of novell says, "i'm kind of a fan of eliminating anonymity if that is the price for security." will eliminating anonymity make computers more secure?
Answers: 3
Business, 22.06.2019 08:00, connermichaela
Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.
Answers: 2
Business, 22.06.2019 11:00, mateoperkins
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b. assessment criteria are inexpensive. c. assessment criteria provide you with a list of relevant things to measure. d. assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
Business, 22.06.2019 17:30, Blakemiller2020
Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. thatâs why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.
Answers: 2
In the "old days," one partner could contribute cash and another partner could contribute an equal v...
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