Friday, July 30, 2010

Structuring Introduction to Taxation of Business Entities: Part XIII

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The discussion of partnership operating distributions begins with clarification of terminology. Students learn that one set of rules applies...
Wednesday, July 28, 2010

Structuring Introduction to Taxation of Business Entities: Part XII

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In comparison to the tax treatment of C corporation operating distributions, the principles applicable to S corporation operating distributi...
Monday, July 26, 2010

Structuring Introduction to Taxation of Business Entities: Part XI

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From a pedagogical perspective it makes the most sense to deal with operating distributions before covering sales of entity interests, redem...
Friday, July 23, 2010

Structuring Introduction to Taxation of Business Entities: Part X

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Having worked through section 704(b) special allocations, the class turns to section 704(c). The good news is that section 704(c) is much ea...
Wednesday, July 21, 2010

Structuring Introduction to Taxation of Business Entities: Part IX

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The partnership allocation topic is, without a doubt, the most difficult portion of the Introduction to Taxation of Business Entities course...
Monday, July 19, 2010

Structuring Introduction to Taxation of Business Entities: Part VIII

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The notion of allocations in the C corporation context isn’t so much a matter of allocation as it is a question of who is taxed on income th...
Friday, July 16, 2010

Structuring Introduction to Taxation of Business Entities: Part VII

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It might appear that studying loss limitations before looking at allocations is backwards, but understanding how loss limitations work puts ...
Wednesday, July 14, 2010

Structuring Introduction to Taxation of Business Entities: Part VI

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After completing the formation topics, the course next addresses how corporations and partnerships are taxed on their operations. There are ...
Monday, July 12, 2010

Structuring Introduction to Taxation of Business Entities: Part V

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The partnership formation topic is divided into three subtopics. The first subtopic involves transfers of cash and propety to a partnership ...
Friday, July 09, 2010

Structuring Introduction to Taxation of Business Entities: Part IV

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After working through the entity identification material, the course addresses the federal income tax consequences of forming corporations a...
Wednesday, July 07, 2010

Structuring Introduction to Taxation of Business Entities: Part III

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After finishing with the introduction, the course turns to identification of the entity. Although sometimes the context of a question or pro...
Monday, July 05, 2010

Structuring Introduction to Taxation of Business Entities: Part II

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One of the first decisions I needed to make with respect to the course was a choice between what I call categorical sequencing and what I ca...
Friday, July 02, 2010

Structuring Introduction to Taxation of Business Entities: Part I

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Today I begin a series describing how and why I have structured the Introduction to Taxation of Business Entities course that I teach in the...
Wednesday, June 30, 2010

What Do After-Tax Income Studies Teach?

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The Center on Budget and Policy Priorities has released Income Gaps Between Very Rich and Everyone Else More Than Tripled In Last Three Deca...
Monday, June 28, 2010

The Post-Tax Revenue Era

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So people don’t like taxes. Governments aren’t collecting enough taxes to pay for all the things people want governments to provide. Increas...
Friday, June 25, 2010

Tax Amnesty Scorecard Updated

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About a month ago, in To Amnesty or Not to Amnesty, That is the Question , I noted the tough decisions that tax amnesties presented both to ...
Wednesday, June 23, 2010

FICA, Medicare, and Payroll Taxes

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Last week, in Social Security Activist Appeals to Philly Millionaires , Joseph N. DiStefano wrote about David Walker, who has issued warning...
Monday, June 21, 2010

Internal Revenue Code: Small Change, New Feature, New Look

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As I worked my way through a new provision of the Internal Revenue Code, trying to interpret it so that I could add a small discussion of it...
Friday, June 18, 2010

Pulling the Tax Rug Out From Under Taxpayers

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Because tax law affects people’s decision making, it makes sense for people to know what the tax law is and how it affects their decisions b...
Wednesday, June 16, 2010

Yet Another Sin Tax

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A few days ago, the IRS released proposed and temporary regulations addressing mostly procedural issues with respect to the new excise tax ...
Monday, June 14, 2010

Tax Credits on Parade

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For many decades, CCH has published a weekly update on taxation called Taxes on Parade. It’s a clever title. Sometimes it causes me to think...
Friday, June 11, 2010

Lining Up for Tax Breaks

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The Federal Trade Commission has been studying “the challenges faced by journalism in the Internet age,” to quote from a discussion paper r...
Wednesday, June 09, 2010

Back to the Gasoline Tax Future

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Last Friday, as more fully reported in this Philadelphia Inquirer article , the idea of raising state gasoline taxes resurfaced in Harrisbur...
Monday, June 07, 2010

Tax-Cut Advocates – Like the Poor – Will Always Be With Us: Part Three

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Pappas laments, in his latest post: I shutter when I consider that Professor Maule is likely teaching his students that there are no valid a...