The document discusses several topics related to determining gain or loss on property transactions and basis considerations:
1) Gain or loss is determined by comparing the amount realized on sale or disposition of a property to its adjusted basis. Adjusted basis is original cost plus capital additions and less capital recoveries like depreciation.
2) Basis considerations include determining original cost basis, allocation of basis for lump-sum or going concern purchases, and adjustments for gifts, inheritances, and related party transactions.
3) Inherited property receives a basis equal to the fair market value on the date of the decedent's death or alternate valuation date. Gift basis may be higher than the donor's basis depending on fair market value
You may have to pay federal income taxes on your Social
Security benefits. This usually happens only if you have
other substantial income (such as wages, self-employment,
interest, dividends and other taxable income that must be
reported on your tax return) in addition to Social Security
benefits.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
You may have to pay federal income taxes on your Social
Security benefits. This usually happens only if you have
other substantial income (such as wages, self-employment,
interest, dividends and other taxable income that must be
reported on your tax return) in addition to Social Security
benefits.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
Die Präsentation entstammt einem Workshop der Weiterbildungs-Reihe "Montagsseminare" des Popbüros Stuttgart.
Titel dieser Veranstaltung war "Individualisiertes Marketing für Musikprojekte im Internet"
http://www.bestwebsitebuilders.uk
You know you want to build a website, but what’s the best way to make that happen? Find out whether you should use a website builder, WordPress or a web developer to build your website!
Barcamps inside: Der Studiengang OnlinekommunikationThomas Pleil
Vorstellung des Bachelor-Studiengangs Onlinekommunikation (B.Sc.) auf dem Content Strategy Camp 14 (#cosca14). #onkomm verbindet Marketing, PR und Corporate Learning. Im Grundlagenjahr geht es vor allem um das Erarbeiten von Web Literacy - unter anderem in Form vom Barcamps.
Google Analytics & Seo @seosixt wiesn 2014121WATT GmbH
Google Analytics & SEO: In dieser Präsentation skizzieren wir ein paar Ansätze, wie man Google Analytics für eine bessere SEO Analyse nützen kann. Von der Verbesserung der Datenqualität über addorganic und einer detailierter Beurteilung von Contents. Please download and share
Die verschiedenen kostenlosen und kostenpflichtigen Möglichkeiten beim Online-Marketing, um im Internet gefunden zu werden. Von Online-Branchenverzeichnissen, Bewertungsportalen, Website, E-Mail-Marketing, Video-Marketing, Mobile Marketing, Sozialen Netzwerken, Blog bis zu bezahlten Anzeigen.
Mehr Details im Artikel "Tipps fürs Online-Marketing" auf http://www.tipptrick.com/2016/05/02/claudias-praktischer-ratgeber-zum-online-marketing/
This presentation includes information about car automation software. It also include forms of the project. Car showroom automation software is developed using java , mysql database. It is also very useful for MCA, B.Tech students for their industrial project work.
Rich dad poor dad book presentation. tells about how rich teaches their children about money that poor dad does not and also tells about savings and start ups
Die Präsentation entstammt einem Workshop der Weiterbildungs-Reihe "Montagsseminare" des Popbüros Stuttgart.
Titel dieser Veranstaltung war "Individualisiertes Marketing für Musikprojekte im Internet"
http://www.bestwebsitebuilders.uk
You know you want to build a website, but what’s the best way to make that happen? Find out whether you should use a website builder, WordPress or a web developer to build your website!
Barcamps inside: Der Studiengang OnlinekommunikationThomas Pleil
Vorstellung des Bachelor-Studiengangs Onlinekommunikation (B.Sc.) auf dem Content Strategy Camp 14 (#cosca14). #onkomm verbindet Marketing, PR und Corporate Learning. Im Grundlagenjahr geht es vor allem um das Erarbeiten von Web Literacy - unter anderem in Form vom Barcamps.
Google Analytics & Seo @seosixt wiesn 2014121WATT GmbH
Google Analytics & SEO: In dieser Präsentation skizzieren wir ein paar Ansätze, wie man Google Analytics für eine bessere SEO Analyse nützen kann. Von der Verbesserung der Datenqualität über addorganic und einer detailierter Beurteilung von Contents. Please download and share
Die verschiedenen kostenlosen und kostenpflichtigen Möglichkeiten beim Online-Marketing, um im Internet gefunden zu werden. Von Online-Branchenverzeichnissen, Bewertungsportalen, Website, E-Mail-Marketing, Video-Marketing, Mobile Marketing, Sozialen Netzwerken, Blog bis zu bezahlten Anzeigen.
Mehr Details im Artikel "Tipps fürs Online-Marketing" auf http://www.tipptrick.com/2016/05/02/claudias-praktischer-ratgeber-zum-online-marketing/
This presentation includes information about car automation software. It also include forms of the project. Car showroom automation software is developed using java , mysql database. It is also very useful for MCA, B.Tech students for their industrial project work.
Rich dad poor dad book presentation. tells about how rich teaches their children about money that poor dad does not and also tells about savings and start ups
A new paradigm in defined contribution plan pricing is emerging in response to the onslaught of excess fee lawsuits brought against plan sponsors and providers, new and complex fee disclosure rules, and the more recent Department of Labor’s (DOL) Conflict of Interest Rule.
During this BFSG program you will learn:
- The Evolution of Defined Contribution Plan Pricing Models
- Fiduciary Responsibilities of Plan Sponsors
- New Marketplace Solutions – Fee Levelization
Source material behind the 3Q2019 Founder Friendly Standard term sheet compar...Eisaiah Engel
What's a founder-friendly term sheet? 6 attorneys from DC, Houston, Los Angeles, New York City, and Providence compared the 500 Startups KISS, Y Combinator Safe, NVCA Model Legal Docs, Gust Series Seed, Sam Altman 'Founder-Friendly' Term Sheet, and the Y Combinator Series A to the Founder Friendly Standard.
Merged together, these documents are more than 110K words, which, in single-spaced, Times New Roman 12 font spans 298 pages.
• The popular term sheets were just over a third (38%) compatible with Founder Friendly Standard
• The popular term sheets were just under a third (32%) incompatible with Founder Friendly Standard
• The popular term sheets were nearly a third (30%) silent about the issues in Founder Friendly Standard
To see the interactive research, visit: https://eisaiah.blog/founder-friendly-standard-comparison/
This is the first half of a presentation I gave at Pace University Law School's Program: New Directions: Practical Skills for Returning to Law Practice
http://web.pace.edu/page.cfm?doc_id=29130
WACC ExampleA firm is considering a new project which would b.docxmelbruce90096
WACC Example:
A firm is considering a new project which would be similar in terms of risk to its existing projects. The firm needs a discount rate for evaluation purposes. The firm has enough cash on hand to provide the necessary equity financing for the project. Also, the firm:
· has 1,000,000 common shares outstanding
· current price $11.25 per share
· next year’s dividend expected to be $1 per share
· firm estimates dividends will grow at 5% per year after that
· flotation costs for new shares would be $0.10 per share
· has 150,000 preferred shares outstanding
· current price is $9.50 per share
· dividend is $0.95 per share
· if new preferred are issued, they must be sold at 5% less than the current market price (to ensure they sell) and involve direct flotation costs of $0.25 per share
· has a total of $10,000,000 (par value) in debt outstanding. The debt is in the form of bonds with 10 years left to maturity. They pay annual coupons at a coupon rate of 11.3%. Currently, the bonds sell at 106% of par value. Flotation costs for new bonds would equal 6% of par value.
The firm’s tax rate is 40%. What is the appropriate discount rate for the new project?
Solution
:
Market value of common = 11.25(1000000) =
$11,250,000
Market value of preferred = 9.50(150000) =
$1,425,000
Market value of debt = 10000000(1.06) =
$10,600,000
Total value of firm =
$23,275,000
Cost of common:
(Note: floatation costs ignored for common equity because cash on hand is enough to finance the project.)
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Net price = 106% - 6% = 100% of par value
Net price = par
Therefore, cost of debt = coupon rate
r = 11.3%
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Corporate Finance
Objectives of the Course
On successful completion of this course, you should be able to:
Identify the purpose and relevance of Corporate Finance;
Explain the use of a variety of advance capital budgeting techniques;
Discuss the importance of risk and return in Corporate Finance;
Discuss the process determining the capital structure and dividend policy;
Apply financial derivatives in risk management; and
Discuss factors that affect shareholders’ wealth.
Topic 1: Value and Capital Budgeting
Net Present Value
How to Value Bonds and Stocks
Some Alternative Investment Rules
Net Present Value and Capital Budgeting
Risk Analysis, Options and Capital Budgeting
Topic 2: Risk and Return
Capital Market Theory: An Overview
Return & Risk: The Capital Asset Pricing Model (CAPM)
An Alternate View of Risk and Return: The Arbitrage Pricing Theory
Risk, Cost of Capital, and Capital.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
Basis of Assets Presentation
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Editor's Notes
Acquisition of Multiple Assets in a Lump-Sum Purchase . The total cost is allocated among the individual assets . a. The tax motives of the buyer and seller may conflict . Example : Teresa sells land and a building to Paul for a lump-sum amount. Teresa may prefer to allocate a greater amount to the land in order to eliminate or minimize depreciation recapture under § 1245 or § 1250, while Paul prefers to allocate a greater amount to the building in order to maximize future depreciation deductions. b. The lump-sum cost is allocated on the basis of the fair market value of the individual assets . The negotiating abilities of the buyer and the seller can impact the fair market value assigned to individual assets. c. Section 1060 provides a special allocation rule if a business is purchased and goodwill is involved. The purchase price is assigned to the assets, excluding goodwill, to the extent of their total fair market value. This assigned amount is allocated among the assets on the basis of the fair market value of the individual assets acquired. Goodwill is then assigned the residual amount of the purchase price. d. Some of the assets may be capital or § 1231 assets that receive special tax treatment upon subsequent sale or other disposition.
Allocation for Stock Rights and Stock Dividends . Allocation may be necessary on the receipt of nontaxable stock dividends and stock rights under §§ 305(a) and 307(a). a. Nontaxable stock dividends . The allocation depends on whether the dividend is a common stock dividend on common stock or a preferred stock dividend on common stock. The holding period for a nontaxable stock dividend , whether received in the form of common stock or preferred stock, includes the holding period of the original shares. (1) Common stock dividend on common stock . In this case, the cost of the original common shares is allocated to the total shares owned after the dividend. (2) Preferred stock dividend on common stock . In this case, the cost of the original common shares is allocated between the common and preferred shares on the basis of their relative fair market values on the date of distribution. b. Nontaxable stock rights . Whether part of the basis of the stock is allocated to the stock rights depends on the relative values of the stock and the rights or on whether the taxpayer elects to allocate. The holding period of nontaxable stock rights includes the holding period of the stock on which the rights were distributed. However, if the rights are exercised, the holding period of the newly acquired stock begins with the date the rights are exercised.
Fair market value of the stock rights is at least 15% of the fair market of the stock. Allocation is mandatory in this case. (2) Fair market value of the stock rights is less than 15% of the fair market value of the stock. Allocation is not required in this case. However, the taxpayer can elect to allocate .
GIFT BASIS 18. Reason for Carryover Basis . A taxpayer who receives property as a gift has no donee cost or consideration associated with the property. a. Under § 102, gifts are not treated as income to the donee. b. Therefore, a carryover basis must be assigned to the property. Otherwise, the amount of the gift would be taxed as a gain on the subsequent disposition of the property since the basis would be zero. (2) In addition, there would be no basis for depreciation (cost recovery) if the gift property is depreciable.
Calculation of Basis . Basis of gift property depends on whether the donee recognizes a gain or a loss on the subsequent disposition of the property. a. Gain basis : If the subsequent disposition results in a gain, the basis of the gift property is the same as the donor’s adjusted basis on the date of the gift if no gift tax is paid. If gift tax is paid, the basis calculation formula is dependent on whether the gift was made prior to 1977 or after 1976. (1) Gifts made prior to 1977 : The calculation formula is as follows: Donor’s basis + gift tax paid* * Gift tax paid is permitted to be added only to the extent the summation of the donor’s basis and gift tax paid does not exceed the fair market value of the property at the date of the gift. (2) Gifts made after 1976 : The calculation formula is as follows: Donor’s basis + Unrealized appreciation X Gift tax paid Taxable gift* * The taxable gift is the fair market value of the gift less the per donee annual exclusion of $12,000.
b. Loss basis : If the subsequent disposition results in a loss, the basis of the gift property is the lower of the donor’s adjusted basis or fair market value on the date of the gift. (1) Loss basis rule will produce a basis different from the gain basis rule only if the property has declined in value while the donor held it. (2) Reason for the loss basis rule is that the law views the decline in value as the donor’s loss, which should not be deductible by the donee.
No Gain or Loss on Subsequent Disposition . The donee will recognize neither gain nor loss on the sale or other disposition of the gift property if the amount realized is not greater than the basis for gain or less than the basis for loss.
Special Limitation on “Death-Bed” Gifts . Section 1014 contains a provision intended to eliminate a tax avoidance scheme associated with “death-bed” gifts. a. If (1) the decedent received appreciated property as a gift during the one-year period ending on the date of the decedent’s death, and (2) the property is acquired from the decedent by the donor of the property (or the donor’s spouse), the property will have a carryover basis rather than a stepped-up basis. b. Example : Doris, who was terminally ill received a gift of land from her son, Steve, on September 1, 2007, when the fair market value of the land was $10,000. Steve had purchased the land in 1991 for $6,000. Thus, Doris’s basis for the land is equal to Steve’s basis, or $6,000. Doris died on December 15, 2007, and bequeathed the land which was then worth $11,000 to Steve. Under the general rule for inherited property, Steve would receive a stepped-up basis of $11,000. However, because the one-year exception applies, his basis is $6,000 (i.e., the same as the decedent’s basis). If Doris had made a capital improvement to the property of $2,000 after its receipt by gift and prior to her death, Steve’s basis would be $8,000 ($6,000 + $2,000).
Wash Sales . Section 1091 provides for loss disallowance associated with a “wash sale.” a. A wash sale occurs if a taxpayer sells or exchanges stocks or securities at a realized loss and, within thirty days before or after the date of such sale or exchange, acquires “substantially identical” stocks or securities. b. The basis of the replacement stocks or securities is the cost of such replacement stocks or securities increased by the amount of the disallowed loss . The holding period of the replacement securities begins on the date of acquisition of the old securities. c. A taxpayer may acquire fewer shares than the number sold in a wash sale. The loss from the sale is prorated between recognized and unrecognized loss on the basis of the ratio of the number of shares acquired to the number of shares sold.