In this concise, tightly edited casebook, George K. Yin and Karen C. Burke emphasize core principles and policies to help students understand the overall structure and coherence of partnership taxation. The book’s organizational structure bridges concepts learned in the introductory income tax course and those presented in advanced tax courses, by offering a “building-block” approach that progresses from basic to complex partnership transactions. By emphasizing the policy choices that lend structure and coherence to the law, Partnership Taxation facilitates an understanding of the overarching principles of partnership tax. Students learn the law from basic source material—the Code and regulations—as well as tightly edited cases and other guidance. Many problems, questions, and explanations supplement the presentation to guide students through the challenging material. New to the Fourth Edition: The Fourth Edition reflects developments through February 2020, including: Expanded discussion of choice-of-entity issues in light of significant changes introduced by the 2017 tax legislation, including the 21% corporate tax rate and the section 199A passthrough deduction Revised regulations concerning allocation of partnership liabilities, including disregarded bottom-dollar payment obligations The temporary expensing deduction under section 168(k), as well as new limitations on business interest deductions and excess business losses New section 1061 imposing a three-year capital gain holding period for service partners receiving partnership interests in certain investment partnerships The revised definition of a “substantial built-in loss” under section 743(b) and repeal of the technical termination rule under section 708 Professors and students will benefit from: Approach: This book emphasizes core principles and policies to help students understand the overall structure and coherence of partnership taxation. Organization: The organizational structure bridges concepts learned in the introductory income tax course and those presented in advanced tax courses; “building-block” approach progresses from basic to complex partnership transactions. Depth: By providing in-depth coverage while avoiding unnecessary detail, the revised Fourth Edition facilitates mastery of the material and prepares students to think rigorously and creatively about the kinds of problems they will encounter as practitioners of tax and business law. Lenny faces are short character strings that describe emotions and make your text stand out.
When women decided that they wanted to compete in horse sports as equals with men, it took courage and perseverance. The women on both sides of the Atlantic who fought to compete in the male-dominated sports of show jumping, dressage, eventing, and racing are the subject of "Equal to the Challenge." Jackie Burke interviewed many of these extraordinary women, and the book is richer for their simple, moving accounts of how they achieved their goals. Many had to endure rejection, humiliation, physical danger, and privation in order to take part in the horse sports they loved. Some women struggled doubly, since they had to overcome physical and financial handicaps. Young women and not just riders will find in this book worthy role models for our time. Jackie C. Burke is a journalist who has been involved in horse sports all her life and knows just about.
A concise, tightly-edited casebook that focuses on core principles and policies so students can learn the major patterns and themes of corporate taxation. Features: Focuses student attention on core principles and policies to enable students to learn the major patterns and themes of corporate tax Encourages students to learn the law from the basic source material --the Code and regulations--as supplemented by concise explanations when needed Many problems, questions, and examples help lead students through the challenging material An organizational structure that bridges concepts learned in the introductory income tax course and those presented in advanced tax classes. The text begins with subchapter S--an area of growing, practical significance--which serves to link individual and separate entity taxation Presents the taxation of transactions using a ""building-block"" approach from basic to complex transactions. This approach helps students to grasp that many complex transactions are merely combinations of simpler ones, and that a given transaction may be structured in different ways to achieve different tax consequences Cases and other source materials are edited concisely and note material is kept to a manageable length Completely up-to-date. The organizational structure and text are fully integrated to reflect current developments, including codification of the economic substance doctrine; impact of corporate tax shelters and application of substance-over-form doctrine; increased importance of passthrough tax principles; comparable treatment of dividends and long-term capital gain; recent changes affecting acquisitive and divisive reorganizations; and policy implications of current corporate tax reform options
In 1833, the Wilmington & Raleigh Rail Road Company set out to connect the port city of Wilmington to North Carolina's capital. When it was done in 1840, after changing its route, the company had completed 161 miles of track--the longest railroad in the world at the time--and provided continuous transportation from the town of Weldon on the Roanoke River to Wilmington and on to Charleston, South Carolina, by steamboat. A marvel of civil engineering by the standards of the day, the railroad constituted a tour de force of organization, finance and political will that risked the fortunes of individuals and the credit of the state. This study chronicles the project from its inception, exploring its impact on subsequent railroad development in North Carolina and its significance within the context of American railroad history as a whole.
A practical, bipartisan call to action from the world's leading thinkers on the environment and sustainability Sustainability has emerged as a global priority over the past several years. The 2015 Paris Agreement on climate change and the adoption of the seventeen Sustainable Development Goals through the United Nations have highlighted the need to address critical challenges such as the buildup of greenhouse gases in the atmosphere, water shortages, and air pollution. But in the United States, partisan divides, regional disputes, and deep disagreements over core principles have made it nearly impossible to chart a course toward a sustainable future. This timely new book, edited by celebrated scholar Daniel C. Esty, offers fresh thinking and forward-looking solutions from environmental thought leaders across the political spectrum. The book's forty essays cover such subjects as ecology, environmental justice, Big Data, public health, and climate change, all with an emphasis on sustainability. The book focuses on moving toward sustainability through actionable, bipartisan approaches based on rigorous analytical research.
In its early years, the Wilmington & Raleigh Rail Road Company survived multiple threats to its existence. Under its new corporate name, the Wilmington & Weldon Railroad Company would soon be put to the ultimate test, the Civil War. From mobilization to the last effort to supply Lee's Army of Northern Virginia, the company would endure the wearing out of its equipment and rails; the capriciousness and bureaucracy of the Confederate government; sabotage attempts; the gruesome death of its president; a yellow fever epidemic; Union raids on its facilities and bridges; runaway inflation in Confederate economy; the fall of Wilmington; its bisection by advancing Union forces; and, finally, the unnecessary destruction of locomotives, cars, track, and bridges by retreating Confederate troops. The railroad, unlike the Confederacy, survived, and would eventually transform itself a powerful regional economic force, adapting to the challenges of the New South.
Interpreting Life depicts one Christian woman's struggle to determine her place in the home and church as the traditional roles of the 1950s gave way to the chaos created by the social movements of the 1960s and 1970s. Burke's lengthy journey brought her from a state of confusion to a conscious awareness of the effects of her cohort, conservative religious beliefs, and close relationships on her personal and spiritual development. From childhood, she worshipped with a church where submission scriptures in the New Testament were taken literally and women were not allowed to participate in any public leadership roles such as leading prayers and songs, teaching adults, or preaching. As society changed and women gradually acquired leadership roles in other organizations, these church practices became more stifling, preventing many conservative women from using their God-given talents. Because of her marriage to a minister, where she felt her family was living in a glass house, it became exceedingly frustrating to adhere to traditional religious values. Throughout this process, their marriage relationship was repeatedly challenged, but their commitment to each other and the church helped them resolve their differences and work together to reinterpret women's roles in the church. Journal writing was the technique used to make sense of the contradictions and internal conflict experienced as this Christian woman attempted to remain faithful to her religious beliefs and yet develop to her full potential. Excerpts from over thirty years of writing reveals the strategies Burke employed to remain positive and productive as family and church priorities took precedent over her own dreams.
This book tells the story of the last sword ever designed by a major power for its army to use as a weapon, not as an article of a dress uniform. The sword was the U.S. Model 1913 Cavalry Saber; the designer was George S. Patton, then a lieutenant on the staff of the Army chief of staff. Patton participated in the modern pentathlon in Stockholm in 1912, which included fencing, coming fifth overall. No one in the U.S. Army could be better suited, therefore, to design its last major edged weapon. The Last Sword provides an illustrated overview of the history of cavalry swords and their employment on the battlefield from the end of the Renaissance, through the Napoleonic Era, the Mexican-American War, the Civil War, the Spanish-American War, culminating with the Patton cavalry saber, and includes descriptions of a number of the more famous cavalry charges. Patton’s unswerving belief in the value of horse-mounted cavalry, and in the value of those troopers and officers being equipped with the sword he designed, is described using his own words. He continued to advocate horse-mounted cavalry right up to the start of the Second World War. Though mechanized squadrons replaced the conventional cavalry, it was not quite the end of Patton’s sword as some Model 1913 Cavalry Sabers were converted to fighting knives carried by GIs during the war. The book is fully illustrated with images from the collections of the Smithsonian Institution Museum of American History, the Library of Congress, the General George S. Patton Museum, the National Museum of the U.S. Army, the Connecticut Historical Society, and from private collections, most of which have never been published before.
Jim Burke was a happy ambitious engineer with his own thriving business, until a ski slope changed his life forever. At forty-one, he became bound to his wheel-chair for the rest of his life. This is his story, told with pathos, humor, tears, and finally, acceptance. His plight put him in touch with his spiritual life, after many years of searching for peace and a reason for why it had to happen. For years, Jim worked away at the story of his life, while wondering how it could possibly be of any value to anyone else...but if you will read his book, you will never take anything in your life for granted, ever again.You will see your life differently, and you will be grateful for your very own existence, as this man of great faith takes you into his confidence and into his heart...I highly recommend it for a good read!
William Miner's life, from 1862 to 1930, is what self-made American myths are made of. Orphaned at ten, he grew up on a humble homestead near Chazy, New York, went west to make his fortune on the railroad, climbing from bridge carpenter to creator of a leading railroad appliance company in Chicago. When he and his wife lost their only child, he returned to Chazy to make country life competitive with big city living. He transformed the old Miner homestead into a 15,000 acre fairyland farm and built a famous rural school, a state-of-the-art hospital and hydroelectric dams to bring the magic of electricity to the area. Though William Miner has gone, his legacy lives on. His foundation still funds the school, the hospital, and an agricultural research institute on the old Miner Farm. Joseph Burke's "William H. Miner: The Man and the Myth" sees him as a classic case of the American Mobility Myth, showing that “success could still depend, not on who you were, but on what you could do.”
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