Revenue Act of 1978: Is it boon or bane?

February 1979
American Bar Association Journal;Feb79, Vol. 65 Issue 2, p183
Academic Journal
Discusses the advantages and disadvantages of the Revenue Act of 1978 in the U.S. Substantial reduction in long-term capital gains taxes; Tenor surrounding the law; Effect of carryover basis moratorium on taxpayers and tax preparer.


Related Articles

  • SUMMARIES OF PROPOSED LEGISLATIVE RECOMMENDATIONS.  // Tax Lawyer;Spring81, Vol. 34 Issue 3, p855 

    Provides the summaries of the proposed legislative recommendations to amend the Internal Revenue Code in the United States. Approval of long-term capital gain treatment on gains; Uniformity of the various forms of acquisitive corporate reorganizations; Contribution with respect to the 100...

  • CAPITAL GAINS JABBERWOCKY: CAPITAL GAINS, INTANGIBLE PROPERTY, AND TAX. Black, Stephen T. // Hofstra Law Review;Winter2012, Vol. 41 Issue 2, p359 

    The article focuses on the preferential treatment of capital gains tax under U.S. internal revenue law. Topics include the taxation of capital income and ordinary income in 2012, whistleblower awards, and the sale of copyright ownership rights. Information is provided on third-party transfers...

  • 1031 Exchanges Gain Traction as Lending Activity Increases. Rose, Bill // Retail Traffic Exclusive Insight;5/18/2011, p7 

    The article reports on the utilization of real estate investors of the U.S. Internal Revenue Code section 1031, known as a Starker exchange. It is inferred that the use of the code aims to meet the dual objectives of trading up to higher-quality properties, while at the same time deferring...

  • Don't sell real estate, swap it.  // Small Business Tax Strategies;Sep2013, Vol. 8 Issue 9, p1 

    The article focuses on postponing the taxable gain from the sale of an appreciated property in the U.S. It suggests that one can arrange for a tax-deferred exchange under Section 1031 of the Internal Revenue Code. According to Section 1031 of the tax code, one can defer a taxable gain if both...

  • Business & Briefs. Waterford, Donald // National Review Bulletin;12/1/1978, Vol. 30 Issue 48, pB184 

    The article presents recent news briefs related to the U.S. industries and commerce. For the first time in the U.S., significant concessions to investors and business are provisioned in the Revenue Act of 1978. The treatment of long term capital gains, beginning January 1, 1978, has been...

  • How Can a Developer Qualify for Capital Gain Treatment? A Recent Case Means New Opportunity! LEVINE, MARK LEE // Real Estate Issues;2015, Vol. 40 Issue 1, p13 

    The article discusses how a real estate developer in the U.S. can qualify to pay tax at the lower capital gain rate, citing the Long case from the 11th Circuit Court of Appeals. Topics discussed include taxation of income under the International Revenue Code, the possibility of a lower tax rate...

  • Tax Tip. Owen, Stephen L. // Journal of Passthrough Entities;Jul/Aug2010, Vol. 13 Issue 4, p53 

    The article provides tips on how to deal with the Subchapter S corporation built-in gains tax in the U.S. It mentions that Subchapter S of the U.S. Internal Revenue Code provides special tax treatment for certain corporations, thus, corporations are subject to tax under Subchapter C of the Code....

  • U.S. Capital Gains Tax.  // World Almanac & Book of Facts;2000, p123 

    No abstract available.

  • Congress to taxpayers: Keep more of the change. Francis, David R. // Christian Science Monitor;6/24/97, Vol. 89 Issue 146, p4 

    Presents information on the true effects of capital gains taxes in the United States. Definition of capital gains; What generates capital gains; Arguments from Republicans on cutting taxes on these profits; Information on the highest capital-gains tax rate for individuals since 1987; Views from...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics