Reading Time: 5 minutesContributing Author: James H. Boyd A Deeper Dive into Hot Assets One aspect of partnership taxation creates much of the complexity of Subchapter K: the idea that ordinary income treatment must be preserved and allocated to the partner to whom that income accrued. This ordinary income preservation concept applies to distribution of assets from a partnership, liquidation of a partnership interest under § 736, and sale of a […]
Reading Time: 4 minutesPlanning for the start of the semester is on my mind. I’ve always believed the first day of class sets the tone for the semester. I teach large sections of gen-ed history and for the fall, most of my students will be freshmen. This semester, I’m planning to use a short, get-acquainted activity so students […]
Reading Time: < 1 minuteImagine you are drafting a curriculum masterpiece that you will share with your whole college team, but your “wordsmithing” superpowers are woefully tired for the day. So the new Word feature called “Rewrite” will really come in handy. Instead of finding yourself repeating phrases or looking for better expressions when writing in Word? Check out […]
Reading Time: 2 minutesContributing Author: Jim Young The alternative minimum tax (AMT) was put in place in 1969, and it has been a controversial part of the tax law ever since. Taxpayers who are subject to the AMT discover that many of the tax benefits received when computing the regular income tax liability are taken away for AMT purposes. This provides confusing […]
Reading Time: 3 minutes[Reading time – 2 minutes 25 seconds] There are a growing number of websites that allow users an option to login. You can enter a username and password you created that is unique for that site. Or you can click on a “Login with Facebook” button and enter your Facebook username and password instead. But […]
Reading Time: 4 minutesContributing Author: William A Raabe The application to become a tax-exempt entity is time-consuming but not difficult to complete. Most applications (over 90%) eventually are approved, with about 80,000 new exempt organizations created every year. Tax exemption is such a valuable asset for an organization, such as by allowing charitable income and estate/gift tax deductions […]
Reading Time: 2 minutesCengage takes inspiration and guidance from the best books on teaching techniques. Two of our favorite authors are James Lang (author of “Small Teaching”) and Ken Bain (author of “What the best college teachers do”). James Lang joined us in our NYC offices in 2017 to talk about a number of the ideas that he […]
Reading Time: 3 minutesContributing Author: Toby Stock Introduction Cognitive scientists document that repeated exposure to topics results in better learning, and that integrating topics also yields retention benefits. Despite this, income tax classes are frequently so “jam-packed” with topics that it is difficult to re-visit earlier topics or integrate them with new topics. However, an opportunity to […]
