Essays

The student should present a quantitative analysis of a legal change: how and why was the change important (who is affected and how?).

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The student should present a quantitative analysis of a legal change: how and why was the change important (who is affected and how?). The analysis should be a critical assessment of both sides of the issue. The goal the paper is to identify (and understand) the theoretical and empirical analysis and APPLY them to an … Read more

The SR partnership wishes to allocate the annual $400 depreciation deduction to Ronny for tax purposes. Describe whether the allocation will be respected for the tax years ending 12/31/12 and 12/31/13.

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On 1/1/12, Sam and Ronny form the SR partnership, with Sam contributing property (“Property S”) with a fair market value of $800 and an adjusted tax basis of $400, and Ronny contributing $800 cash. The SR partnership agreement includes provisions calling for capital accounting in accordance with section 704(b), liquidating distributions in accordance with capital … Read more

Abby and Bob are partners in an equal general partnership. Abby has a basis of $70,000 in her partnership interest, and Bob has a basis of $30,000 in his partnership interest. Describe the effect of each of the following events on the basis of each partner’s partnership interest:

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Abby and Bob are partners in an equal general partnership. Abby has a basis of $70,000 in her partnership interest, and Bob has a basis of $30,000 in his partnership interest. Describe the effect of each of the following events on the basis of each partner’s partnership interest: a) The partnership itself makes a charitable … Read more

Nora transfers real property with a basis of $1,000,000 and a fair market value of $5,000,000 to an existing partnership for an interest therein. Shortly thereafter, the partnership distributes $2,000,000 to Nora. Describe the tax consequences to Nora.

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Nora transfers real property with a basis of $1,000,000 and a fair market value of $5,000,000 to an existing partnership for an interest therein. Shortly thereafter, the partnership distributes $2,000,000 to Nora. Describe the tax consequences to Nora. Would your answer differ if the distribution to Nora occurred three years after the contribution? Does it … Read more

Angie and Carmen form the AC partnership, with each owning a 50% interest. Angie contributes $20,000 and a personal automobile worth $10,000, with an adjusted basis of $15,000, owned 10 years. Carmen contributes a Minolta copier, held several years, with a gross value of $69,000, subject to a $9,000 recourse liability (thus, the net value of the copier is $60,000); the copier’s adjusted basis is $10,000. Determine whether Angie and Carmen have any gain or loss on formation of the AC partnership, the tax basis and holding period of each partner’s partnership interest, and the tax basis and holding period to the partnership with respect to each asset.

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Angie and Carmen form the AC partnership, with each owning a 50% interest. Angie contributes $20,000 and a personal automobile worth $10,000, with an adjusted basis of $15,000, owned 10 years. Carmen contributes a Minolta copier, held several years, with a gross value of $69,000, subject to a $9,000 recourse liability (thus, the net value … Read more

Al has a fiscal year ending in October. Beau has a fiscal year ending in June. Carina has a calendar year. They form the ABC partnership with the following interests in capital and profits: Al and Beau each have 44 percent, and Carina has 12 percent. What is the partnership’s taxable year?

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Al has a fiscal year ending in October. Beau has a fiscal year ending in June. Carina has a calendar year. They form the ABC partnership with the following interests in capital and profits: Al and Beau each have 44 percent, and Carina has 12 percent. What is the partnership’s taxable year? The partnership desires … Read more

Aldo and Ben each own an undivided one-half interest in a tract of raw land. They construct a driving range on the land, which they lease to Clyde for $3,000 a month, the profit from which Aldo and Ben share equally. Clyde operates the golf range business on the site. What is the tax classification of Aldo and Ben’s relationship?

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Aldo and Ben each own an undivided one-half interest in a tract of raw land. They construct a driving range on the land, which they lease to Clyde for $3,000 a month, the profit from which Aldo and Ben share equally. Clyde operates the golf range business on the site. What is the tax classification … Read more

Discuss each instrument’s reliability and validity, as well as administration considerations and costs to either the user or to the organization administering the assessment.

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Competence, technical skills, integrity and determination are traits most people would agree are important for leadership. But what about self-awareness, self-regulation, motivation, empathy, and social skills? Daniel Goleman, author of numerous books and articles on emotional intelligence, including his seminal work Emotional Intelligence (1995), believes these “softer skill” traits, which are associated with emotional intelligence … Read more


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