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Lucky is at a professional baseball game and catches a homerun baseball that is worth $50,000.  The ball was hit by a star player, and it broke the record for the longest homerun ball in the baseball club’s history. Lucky keeps the ball, puts it on his shelf, and shows it to all his friends.  In the next year, Lucky’s accountant tells him he has to pay tax on the ball. Unfortunately for Lucky, in YEAR 2, another player broke the existing record, and the ball is now only worth $25,000. Lucky sells the ball in YEAR 2 for $25,000.  Which one of the following is correct?

Parent owns stock with a basis of $200 purchased in YEAR 1.  In YEAR 5, Parent gifts the stock to adult Child when the FMV is $1,000.  Ignore the gift tax implications of the transfer.  In YEAR 7, Child needs money and sells the stock for $800.  What are the tax implications to Child?

You work for a Senator who wants to add a new deduction or credit for living expenses while a student is enrolled at a higher education institution.  Both the credit and the deduction would be based on the total amount a school estimates as the cost for living expenses (not to exceed $15,000). Senator wants to know if it is better to have a 40% tax credit based on living expenses or provide for an above-the-line deduction based on the amount of the payments.  Which one of the following answers is correct?

Instead of gifting the stock to Child, Parent decides to keep the stock and instead transfer to Child income from rental property owned by Parent.  The property is worth $400,000.  The property generates $10,000 in profit every year.  Parent gifts $10,000 to Child in YEAR 1.  In YEAR 2, Parent again gifts $10,000 to Child.  In YEAR 3, Parent decides to gift the entire rental property to Child instead, and the property generates $10,000 income when it is owned by Child.  What are the tax consequences of these transactions to Child?

A majority of Hispanics see the Bush Administration in a positive light, this could be because of his fluency in Spanish and the mere fact that he served as a Border governor.

The browning of America will continue for some time to come but the fastest growing segment of the population are Asians, as they look to be the largest majority by 2050. 

Reies Tijerina organized hundreds of Chicanos to demand repatriation of land confiscated by Anglo surveyors in violation of the 1848 Treaty of Guadalupe Hidalgo.

What is the name of our Hispanic congressperson representing the 15th district in South Texas?

According to the text- wants, needs and demands otherwise known as “inputs,” can also be seen as the Hispanic agenda?

A lot has changed since 1966, when watermelon workers in the South Texas borderlands walked out of the melon fields in a historic strike to protest poor wages and appalling working conditions. They marched 400 miles to the state capital of Austin; California labor activist and union leader Cesar Chavez joined them and ultimately succeeded in their cause as the courts ruled in their favor?