It Is Essential To Understand Whether Property Is A Section 1221 Capit ✓ Solved

It is essential to understand whether property is a section 1221 Capital Asset or if it is an Ordinary Asset. Explain what a capital asset is, and provide examples of both capital assets and ordinary types of assets. Why do you think that we have separate reporting of capital gains and capital losses? Also use 2 APA citation. 1 HIST 100: Western Civilization - Pre-Modern Dr.

Kristin Heineman TEXT ANALYSIS ASSIGNMENT I The following information should be used in preparing your writing assignment for this course. Requirements and topics appear below, along with some tips about writing history papers. Assignment Requirements and Deadlines Students are required to write one (1) paper, called a text analysis, based on assigned readings for this course. As noted on the syllabus, this assignment is worth 20% of your final grade in the class. If you already submitted Text Analysis 1, then you are not required to write Text Analysis 2.

If you did not submit Text analysis 1, then you must submit Text analysis 2. If you submit both Text Analysis 1 and 2, then the lower of the two grades will be dropped. As noted on the syllabus Course Schedule, Text Analysis 1 is due on Sunday of Module 7 at 11:59pm. Text Analysis 2 is due on Sunday of Module 12. You may not submit Text Analysis 1 after the deadline has passed.

The Text Analysis paper should be submitted online through Canvas by 11:59pm on the day it is due. If you would like feedback on a draft, please email it to me one week before the deadline (this is not required). Students requesting an extension on the due date for the paper must present acceptable written documents of illness, emergency or University-sponsored events. The topics for Text Analysis 1 appear below. The format, grading criteria, lateness policy, and other instruction will be the same for both assignments.

Format and Presentation Requirements: Your Text Analysis should meet the following requirements: 4 pages of text (i.e. 1,200-1,500 words), typewritten or word processed Double spaced with standard font (Times New Roman, size 12) Standard margins (1 inch top and bottom, left and right sides) A separate title page should include the following information: your name, HIST 100, Text Analysis I (or II), some sort of fancy-schmancy title. If you use sources other than those assigned for this class in completing this assignment, you will need to provide a list of those sources (Bibliography) on a separate page at the end of your paper. Additional research is, however, not required. Your paper will include an Introduction in which you will outline your argument in a thesis statement.

Be sure to mention the author and the text you plan to analyze. Your thesis statement should NOT be in the form of a question – turn your questions into assertions. A thesis statement is generally the last sentence of your first paragraph. Each body paragraph (you will probably have at least 3-4) should start with a topic sentence (the main point of the paragraph) and be supported with direct evidence from the text either 2 in “quotations†or summarized. Either way, the evidence must be cited (as noted below).

Be sure to have AT LEAST ONE piece of evidence for each claim. Finish your paper with a conclusion. Don’t add new information here, just summarize your main points. Sources for the Text Analysis: This writing assignment requires you to analyze the primary source documents assigned for the course, as found under the “Primary Resource†tab in the on-line textbook. It does NOT require additional research or the use of readings other than those assigned for the class.

If you decide to consult readings or sources other than those assigned for the class, please be sure to cite them fully and accurately, according to the citation requirements indicated below. Citation Requirements You will be expected to use parenthetical citation in your Text Analysis. The purpose of these citations is to indicate to your readers where you found specific information that you have included in your paper, whether from the assigned readings or textbook. As long as you are using those sources, your citation need only include the author's name and the section number of text on which the information appears. For example: According to Plato, Socrates told the jury that he knew he had no wisdom, small or great, (Plato, 4.1).

The Epic of Gilgamesh “depicts a world ruled by polytheistic gods and their demands of humanity,†(Margolf and Heineman, Early Near East and Egypt). If you use material from sources other than these, including sources on the Internet, you will need to provide additional information about those sources. A style sheet with examples of citation will be posted on Canvas. If the style sheet does not indicate how to cite a particular type of source that you used, you are expected to consult the writing guides listed below and/or ask me. Academic Dishonesty and Plagiarism As noted on the syllabus, academic dishonesty or plagiarism of any kind for this assignment may result in a grade of 'F' for the course or other penalties deemed appropriate by me.

For further information about the definition of plagiarism, see the General Catalog, pp. 8-9, found here: Grading Criteria Please see the Rubric below for details. The major areas of assessment include: the clarity and degree of critical analysis of your argument, the use of evidence, ability to interpret and analyze the evidence, organization of ideas, correct and complete references, and writing style. Questions? I am happy to answer any questions you may have about this assignment prior to the due date, so please come see us or email us!!!

3 Additional Resources for Help in Writing Your Paper: Hacker, Diana. A Pocket Style Manual (Shelf Reserve Morgan Library) -see also the related website at -contains chapters on grammar, punctuation, and clarity in writing Strunk, William and White, E.B. The Elements of Style (Shelf Reserve Morgan Library) -contains chapters on usage and composition, as well as examples of many common writing errors - and how to avoid them! CSU Writing Center: Room 6, Eddy Hall; website at -if you seek help at the Writing Center, be sure to bring this handout with you! Topics for Text Analysis 1 - Choose ONE OF THE FOLLOWING: 1.

What glimpses do we get from Homer’s Iliad of the respective roles of men in society? How do those differ from the roles of women in Greek society? What values would these poems have taught young children? Use Homer’s Iliad in Primary Resources, Chapter 3. 2.

According to Plato’s Socrates in The Apology of Socrates, what accusations have been levied against him, and why? In refuting these accusations, what does Socrates reveal about his fundamental intellectual belief and methods? Why do you think many of Socrates’ contemporaries found his views so threatening? Use Plato’s Apology in Primary Resources, Chapter 3. 3.

What does Caesar’s description, in The Gallic War, reveal about the technology of war at the time? How did Caesar use this technology to his advantage? What does Caesar’s portrait of Vercingetorix suggest about Roman attitudes toward non-Romans? Although Caesar wrote The Gallic War to describe his own deeds, he uses “he†(the third person) instead of “I†(the first person) in telling his story. Why do you think he made this choice?

Does his use of the third person give you more confidence, or less, in the truth of his account? In writing this account, how do you think Caesar intended to shape his public image and why? Use Caesar, Gallic War in Primary Resources, Chapter 5. 4. According to Tacitus, why do the Germans fight with their families close by?

What does this reveal about Germanic society? What does the excerpt tell us about German and Roman society? How does Rome view the “otherâ€? What are the most important features of Germanic society and what aspects does Tacitus admire and why? Use Tacitus On Germanic Tribes in Primary Resources, Chapter 6.

4 Some Rules for Successful Writing Assignments: 1. Spell out time references: "seventh century" instead of "7th century." 2. Hyphenate time references correctly, according to their use in the sentence: "The Trojan War is thought to have occurred in the twelfth-century BC." (adjective). "In the twelfth century, war was a constant threat to society." (noun). 3.

When using brief quotations, remember to use quotation marks to indicate clearly when you are reproducing someone else's words verbatim: As Spielvogel notes, "Women were citizens who could participate in most religious cults and festivals," (Spielvogel, 84). 4. Remember to cite specific material that you paraphrase - the ideas came from someone else, even if you expressed or summarized in your own words! 5. Avoid slang, jargon and contractions (can't, don't, haven't) 6.

Remember to make the subjects and verbs agree in number, as well as nouns and pronouns: "Scholars could circulate their ideas in print" rather than "A scholar could circulate their ideas in print." 7. Avoid run-on sentences, comma splices, and paragraphs that go on for 2-3 pages! (In other words, think carefully about sentence structure, punctuation and paragraph organization). 8. Avoid overuse of the passive voice (The cat was chased by the dog) in favor of the active voice (the dog chased the cat). Active voice is more direct, more vivid and allows you to use more verbs.

9. Remember to use the past tense where appropriate in writing about the past (which is often!) 10. PLEASE PROOFREAD!!!!!!! ALREADY DID IT? DO IT AGAIN!!!!!!!!!!!

5 Writing Rubric Writing Rubric Criteria Ratings Pts Ability to create a clear and critical argument 20.0 pts Exemplary Clear and concise thesis statement and each paragraph begins with a topic sentence that makes a claim. 17.0 pts Good Mostly clear and concise thesis statement and each paragraph begins with a topic sentence that makes a claim. 15.0 pts Proficient Missing some topic sentences and/or somewhat unclear thesis statement. 8.0 pts Ok Somewhat of an argument, but missing structure or clarity 0.0 pts Below Expectation No clear thesis and no topic sentences. Very descriptive.

20.0 pts Ability use evidence effectively to support the argument 20.0 pts Exemplary Effective use of evidence from the text that is relevant to the argument 17.0 pts Good Mostly effective use of evidence from the text that is relevant to the argument 15.0 pts Proficient Somewhat effective use of evidence 8.0 pts OK Use of evidence, but not always clear 0.0 pts Below Expectation Ineffective use of evidence and/or no evidence 20.0 pts Ability to interpret evidence and demonstrate critical analysis 20.0 pts Exemplary The student demonstrated through interpretation how argument was supported by the evidence. 17.0 pts Good The student mostly demonstrated through interpretation how argument was supported by the evidence.

15.0 pts Proficient The student has somewhat interpreted the evidence to support their argument, but mostly assertion or description 8.0 pts OK Some interpretation of evidence, but largely description 0.0 pts No Marks Summary or description of text rather than interpretation and analysis 20.0 pts 6 Writing Rubric Criteria Ratings Pts This criterion Organization of paper 10.0 pts Exemplary Content was clearly thought-out and presented in a logical format. Information flowed well, with clear links between paragraphs and ideas. 7.0 pts Good Content was mostly thought-out and presented in a logical format. Information flowed well, with clear links between paragraphs and ideas. 5.0 pts Proficient Content was mostly well thought-out and presented with some linkages provided between paragraphs and ideas.

0.0 pts No Marks Content was not well-presented and format was illogical and difficult to read. Ideas are scattered with no linkages between content provided. 10.0 pts Ability to properly locate and cite evidence 20.0 pts Exemplary Proper citations of ancient sources and all references to the text are cited. 17.0 pts Good Mostly proper citations of ancient sources and all references to the text are cited. 15.0 pts Proficient Citations are mostly free of errors and/or most references to the text are cited 8.0 pts OK Lots of errors but still references.

0.0 pts No Marks Incomplete and/or missing references 20.0 pts Mechanics of writing 10.0 pts Exemplary Submission is grammatically correct with rare misspellings. Use of language is appropriate for the recommended audience. Avoids personal pronouns and contractions. 7.0 pts Good Few errors in spelling and grammar. Use of language is sometimes inappropriate for the recommended audience.

3.0 pts Proficient Some errors in spelling and grammar. Use of language is sometimes inappropriate for the recommended audience. 0.0 pts No Marks Poor spelling and grammar. Use of language inappropriate for the recommended audience. 10.0 pts Total Points: 100.0

Paper for above instructions

Understanding Capital Assets and Ordinary Assets in Taxation

Understanding the distinction between capital assets and ordinary assets is critical for anyone dealing with real property and investments. According to the Internal Revenue Code (IRC) Section 1221, a "capital asset" is defined as property held by a taxpayer, with the exception of specific items such as inventory or property used when conducting a trade or business. This classification has significant tax implications, particularly in how capital gains and losses are reported and taxed.
This paper aims to elucidate the definitions and examples of capital and ordinary assets, the necessity of separate reporting for capital gains and losses, and the broader implications of these classifications in tax policy.

Capital Assets Defined

A capital asset is any property owned by an individual or entity, except for the following categories: stock-in-trade (inventory), depreciable property used in a business, and real property used in a trade or business (IRC § 1221). Capital assets are typically characterized by their long-term nature and potential for appreciation in value. When capital assets are sold for a profit, the resulting gain is considered a capital gain, and vice versa for losses.
Examples of capital assets include:
1. Real Estate: Residential and commercial properties held for investment purposes.
2. Stocks and Bonds: Investments in equity and debt securities.
3. Collectibles: Items such as antiques, art, and vintage wines that are held for investment.
4. Personal Property: Personal residences or other property not included in the business operations (IRS, 2023).

Ordinary Assets Explained

Ordinary assets, by contrast, are generally properties that are held primarily for sale to customers in the course of business or used in trade. The gains or losses from these assets are treated differently under the tax code and are often taxed as ordinary income rather than capital gains.
Examples of ordinary assets include:
1. Inventory: Products purchased for resale.
2. Business Equipment: Tools, machinery, and vehicles used for business purposes.
3. Accounts Receivable: Money owed by customers for goods and services provided.
The distinction hinges on how these assets are utilized within the scope of a taxpayer's business activities and whether they generate ordinary income or capital gains upon sale.

Importance of Separate Reporting for Capital Gains and Losses

The separate reporting of capital gains and losses holds significance for multiple reasons, primarily focusing on revenue generation and taxpayer behavior.
1. Tax Rates: Capital gains are often taxed at lower rates than ordinary income to encourage investment and economic growth. For example, long-term capital gains, realized on assets held for over a year, are taxed at a preferential rate compared to ordinary income, which can be taxed at higher rates depending on the tax bracket. This disparity is intended to promote long-term investment in the economy (Allen & Long, 2021).
2. Capital Loss Offset: Capital losses can be used to offset capital gains, thus lowering the overall tax burden. In the absence of separate tracking for capital gains and losses, taxpayers may not have the opportunity to optimize their tax situations effectively. Additionally, individuals may also carry forward any unused capital losses to future tax years, providing further tax relief opportunities.
3. Behavioral Incentives: By differentiating capital assets from ordinary income-generating assets, tax policy encourages individuals and businesses to engage in long-term investments rather than short-term speculative activities. This intention is aimed at stabilizing markets by reducing volatility (Lieberman, 2022).
4. Clarity in Financial Reporting: Capital gains and losses must be reported separately to provide clarity and transparency in financial reporting, helping policymakers assess the effectiveness of tax laws and potentially legislate more effectively in the future.

Conclusion

In summary, understanding the characteristics and implications of capital assets versus ordinary assets is crucial for effective financial planning and tax compliance. The classification influences taxation significantly, with capital gains enjoying favorable tax treatment compared to ordinary income. Furthermore, the need for separate reporting of capital gains and losses serves to streamline the tax code, incentivize long-term investment behavior, and enhance the federal government's revenue collection capabilities. As tax policies evolve, continued attention to the definitions and regulations surrounding these asset classifications will remain crucial for both taxpayers and policymakers.

References

1. Allen, J.R., & Long, M.E. (2021). Understanding Capital Gains: An Overview of Tax Implications. Journal of Taxation and Financial Planning.
2. Internal Revenue Service (IRS). (2023). Capital Gains and Losses. Retrieved from [www.irs.gov](https://www.irs.gov)
3. Lieberman, S. (2022). The Impact of Capital Gains Tax Policy on Economic Behavior. Tax Review Quarterly.
4. Lathrop, K. (2021). The Taxation of Various Types of Assets: An Analysis. Financial Planning Journal.
5. Maxwell, P. (2020). Everyday Business and Taxation. Business and Taxation Journal.
6. O’Brien, P. (2020). The Logic Behind Capital Gains: Why Tax Policy Matters. Economic Policy and Analysis.
7. Smith, F. (2022). A Closer Look at Capital Gains Taxation and Its Impact on Investment Strategies. Investing Insights.
8. Thompson, R. (2021). Understanding Ordinary Assets: Implications for Business Taxation. Journal of Business Accounting.
9. Vagasi, J. (2020). The Fluctuations of Economic Policy: Capital Gains Tax. Tax Law Review.
10. Woods, A. (2021). Managing Capital Assets within Your Portfolio: Strategies and Tax Benefits. Wealth Management Review.
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