Taxation

It has been painful for several years to see the retailer Sears disintegrate before our eyes.  The company did not adjust well to changes in its environment, and it has paid a...

Contributing Author: William A Raabe One aspect of estate planning that will be of interest to your students is the treatment of a decedent’s digital assets upon death, as to taxes but also...

Contributing 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...

Contributing 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...

Contributing 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...

Contributing 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...

Contributing Author:  D. Larry Crumbley  On August 18, 2018, the Treasury Department and the IRS issued Proposed Regulations for Section 199A.  They received written and electronic comments regarding these proposed regulations and held...

SWFT Tax Blog, March 2020 Author:  Toby Stock Chapters Individuals, Chapter 11 Comprehensive, Chapter 11 Essentials, Chapter 12 Introduction  Students (and others) often do not understand how a “business” that breaks even...