AccountantsWorld Daily News Like-kind Exchanges and Personal Property
(JofA) - The TCJA amended Sec. 1031 to apply only to exchanges of real property. Because of this change, the exchange of personal property for other personal property of like kind is now a taxable event.
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How to Align Text Vertically or Horizontally in Microsoft Word
(How-to-Geek) - Microsoft Word comes equipped with a tool that allows users to align text both vertically and horizontally, giving you complete freedom for determining the position of text in a Word document. Hereâs how it all works.
Carried Interest Warning From Court May Be Trouble for Treasury
(Bloomberg) - A recent court case meant to clarify the definition of a corporation intensifies questions about the tax treatment of carried interest, a prized perk for private equity and hedge fund managers.
Square is Dropping an Accounting Metric After the SEC Said itâs Not Allowed
(MarketWatch) - News has implication for other companies that use the same metric, including BlackBerry, Progress Software and Symantec
Negative U.S. Interest Rates? Not Likely, Say Investors
(Reuters) - Donât expect negative interest rates to be the next U.S. import from Europe or Japan, as those two economies are providing a real-time cautionary tale of the pitfalls of central bank stimulus efforts gone awry.
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Like-kind Exchanges and Personal Property Carried Interest Warning From Court May Be Trouble for Treasury Accounting/Audit
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