If my tax professor is anything, he is honest:
Professor A: I am forcing you guys to learn about like-kind exchanges for three reasons:
- I had to learn it, and if it was good enough for me, it’s good enough for you.
- It’s just torture, and I just enjoy seeing everyone squirm!
- I think it’s important, whether or not you take any other tax classes, to have some exposure to a tax-free transaction licensed and approved by the tax code.
Other Professor A posts:
[...] hour later I was in Tax law. This week’s topic is like-kind exchanges and I was so unspeakably confused that I didn’t even [...]
[...] tax preparation is an advent calendar of these small [...]
[...] feel the least bit ridiculous carrying so much crap because these are the tools of comfort. If the professor says open note, then I will bring my notes on the not-so-off chance that I will have to look up the [...]