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Embery MBAA667 Complete Course

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For full credit, respond to at least two of your classmates in the forum by the posted due date<br />

Review the grading rubric for detailed grading requirements<br />

Note: Discussion rubrics may be accessed by selecting the gear icon gearjpg above and choosing<br />

“show rubric” from the drop-down menu<br />

<strong>Embery</strong> <strong>MBAA667</strong> Module 23 Discussion latest 2016 August<br />

23 Discussion: Gross Income<br />

4343 unread replies6464 replies<br />

Various Federal stimulus provisions were designed to assist state and local governments in<br />

borrowing funds, leveraging the gross income exclusion for such bond interest so that such<br />

jurisdictions would have increased access to funds One of the justifications for these provisions<br />

was that state and local governments cannot run budget deficits and cannot “print money,” so the<br />

recent recession put them in a difficult cash-flow position<br />

Audits of the use of these borrowed funds showed that some of the bond proceeds were used by<br />

the jurisdictions to participate in “public-private partnerships,” where government funds were<br />

used to assist private entities in expanding in or relocating to the jurisdiction Specifically, bond<br />

proceeds were found to have been used to provide targeted road-building and utility construction<br />

projects to benefit large commercial entities<br />

1 Is this an appropriate use of the gross income exclusion for state and local bond interest? Why<br />

or Why not?<br />

2 Read the posts of your classmates and reply to at least two of your peers<br />

3 Review the rubric which will be used to evaluate each discussion board posting for this course<br />

It is highly recommended that you submit your initial post by midweek Posting in a timely<br />

manner offers your classmates sufficient opportunity to respond to you in this discussion<br />

For full credit, respond to at least two of your classmates in the forum by the posted due date<br />

Review the grading rubric for detailed grading requirements<br />

<strong>Embery</strong> <strong>MBAA667</strong> Module 33 Discussion latest 2016 August<br />

33 Discussion: Deductions and Losses<br />

5454 unread replies6767 replies<br />

Earlier this year, Troy and Ann Hatten, two successful airline pilots made a cash investment for a<br />

limited partnership interest in a Florida orange grove farm In addition to the cash obtained from<br />

investors, the grove’s management borrowed a significant amount of money to purchase the

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