what is inside basis and outside basis and why are they course hero

What is Course Hero?

In fact, while Course Hero is meant to help with your coursework, it is both ethical and holds its users to standards. That means that any form of plagiarism, cheating, or copyright abuse is prohibited.

Where is Course Hero located?

Like Chegg, Course Hero is a tech and education platform, also headquartered in California (Redwood City) that provides a variety of study resources, from online homework aid to study resources, as well as materials for educators. They differ from Chegg in that their sole focus is study and learning materials and do not have a branch ...

What is the difference between Chegg and Course Hero?

The main difference between Course Hero vs Chegg are: Course Hero offers free access to a la carte tutoring or other features for a monthly price , whereas Chegg requires you to pay for textbook solution features on an individual basis. Course Hero has more than 20 million user-generated course material, whereas Chegg offers solutions ...

Is Course Hero a successful company?

You could say online learning systems are having a successful year. Course Hero was ranked as one of North America’s quickest growing companies on Deloitte’ s 2019 Technology Fast 500, a curated list consisting of tech, science, communications, and related media-based businesses.

Is Course Hero a copyright violation?

That means that any form of plagiarism, cheating, or copyright abuse is prohibited. All users, as well as Course Hero itself, comply with both federal and local laws in terms of anything that could be perceived as ‘unfair’ advantages. Put more simply, Course Hero is meant to be used legally and ethically.

Why is basis important?

The basis of an asset is important because it determines the gain or loss a taxpayer must report when he/she sells it, and it is also used to calculate gains that must be recognized when holding some assets like the interest in a partnership or shares in an S Corporation. A shareholder's basis in a corporation's stock can never be negative.

What happens to the basis of a corporation's stock when a shareholder purchases additional shares from another shareholder?

If a shareholder purchases additional shares from other shareholder's his or her basis in the corporation's stock increases with the cost of the shares purchased.

What happens to Mary's friend Jayne?

Mary's friend Jayne has a bookshop that is struggling. Jayne, however, thinks that if she expands the shop and adds a coffee and cake nook, she can attract various book clubs and that will restore the shop's profitability. Mary, who owns the adjoining site, decides to transfer the property and $50,000 in cash to Jayne's company to finance the expansion, in exchange for an 85% share in the company. The site has a fair market value of $200,000, an adjusted basis in Mary's tax records of $110,000, and a mortgage, that Mary also transfers to the corporation, of $60,000. Mary will not recognize any gain on the transfer and she does not receive any boot. Mary's basis immediately after the transfer is:

What does it mean to enroll in a course?

Enrolling in a course lets you earn progress by passing quizzes and exams.

What is boot received?

Boot received, i.e., any cash or the fair market value of other assets received in exchange for the property contributed.

What is the basis of a C corporation?

For a shareholder in a C Corporation, his or her basis in the stock of the corporation generally reflects the cost of the investment in the shares. The calculation can, however, be complicated by some transactions between the corporation and its shareholders.

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