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A biography is an account of someone’s life written by another person. Biographies provide detailed accounts of an individual’s life, often including family background, education, work history, and relationships. While biographies can be written about anyone, they are usually limited to famous or influential figures. Biographies tend to emphasize certain aspects of someone’s life, such as their major accomplishments or the events that shaped them. They can also provide insight into the person’s character and the motivations behind their actions. There are several features that make a biography stand out from other types of writing.
A biography is a written account of someone’s life. It can tell the story of an individual’s life from birth to death, or it can focus on a specific period or event. Biographies can range from formal to informal, and can be written in a variety of styles. Regardless of the style, a biography will generally include details about the person’s childhood, the people and events that shaped their life, and the successes and accomplishments they achieved. Through a biography, a reader can learn about the person’s experiences, values, and beliefs, as well as their major life milestones. A biography can be a powerful way to understand an individual’s life and legacy.
Biographies can be written about any person, living or dead. But regardless of the subject, all biographies are composed of certain features that are essential to the genre. Biographies can be divided into three main types: traditional biographies, autobiographies, and biographical sketches.
Traditional biographies are written by an outside author who researches and writes about the life of a person. This type of biography typically focuses on major events in the person’s life. It may include personal details, such as family background, education, and career accomplishments, as well as the person’s impact on society.
Autobiographies are written by the person themselves. This type of biography focuses on the individual’s personal experiences and reflections. It is often more detailed than a traditional biography, since the author has access to their own memories and emotions.
Biographical sketches are documents that focus on a brief period of a person’s life. This type of biography is usually written by an outside author, but it is much shorter than a traditional biography. This type of biography is often used to capture a particular moment or event in a person’s life.
Whatever type of biography is written, it is important to ensure that the content is engaging, informative, and optimized for search engines. Writing a biography is an art, and when done correctly, it can provide readers with a unique insight into the life of the subject.
A biography is a detailed written account of a person or group’s lives, often with the purpose of illuminating the subject’s accomplishments and contributions. Biographies can range from short, basic accounts of a person’s life to lengthy, complex works that capture the nuances of a person’s life and influence. Despite their difference in length and complexity, most biographies contain common elements and features that provide readers with a comprehensive view of the subject.
A good biography will give readers insight into a person’s life by covering important details from childhood to adulthood, including education, family and relationships, and major events and accomplishments. It will also explain the subject’s influence on culture, society, and history, and how they have impacted the world. Additionally, biographies are often written with the purpose of showcasing the subject’s unique perspective and experiences.
Biographies should also feature primary sources, such as firsthand accounts, interviews, and personal papers, to give the story an added layer of credibility. It should also include research from secondary sources, such as books, magazine articles, and newspaper clippings. The writing should be engaging and interesting, as it should capture the reader’s attention and keep them engaged with the story. Finally, the work should be well-researched and accurate, giving readers an honest and balanced view of the subject.
By incorporating these common elements, biographers can create compelling stories that give readers an in-depth look at the person or group’s life, accomplishments, and influence.
Biographies can provide us with a unique insight into the lives of amazing people and inspire us to achieve greatness. Writing a biography is an excellent way to document a person’s life and share it with others. There are many benefits of writing a biography, such as gaining a better understanding of the individual, learning from their experiences and mistakes, and inspiring others.
By writing a biography of someone, you can gain a better understanding of their beliefs, motivations, and the events that shaped their lives. You can learn valuable lessons from their successes and failures, and gain insight into their achievements. It can also provide an opportunity to reflect on their legacy and how they impacted the world around them.
Writing a biography can also be an inspirational experience. By learning more about the subject of the biography, you can be inspired to pursue your own goals and dreams. This can help you understand the importance of making the most of every opportunity and pushing yourself to reach your full potential.
In addition, writing a biography can help you develop important writing skills. You can learn how to craft an engaging story, conduct research, and edit your work. These skills can be useful in other areas of your life, such as writing essays or creating resumes.
Overall, writing a biography can be a rewarding experience that offers numerous benefits. It can provide you with a better understanding of the subject, help you learn valuable lessons from their successes and failures, and inspire you to pursue your own dreams. It can also help you develop important writing skills that can be useful in other areas of your life.
Writing a biography is no easy feat. It requires research, understanding, and a lot of creativity. But don’t be discouraged, there are some tips and tricks you can use to make the process easier.
First, research is key. Make sure you understand the person’s life, their accomplishments, and their experiences. To do this, you’ll want to look through their archives, articles, and any other sources you can find. This will help you develop a better understanding of who the person is and will help you craft a more detailed narrative.
Second, focus on the structure of the biography. Think about the structure you’ll use, how the story will flow, and which elements and facts to include. It’s important to create a narrative that is both engaging and informative. To do that, you’ll want to break the story up into sections, use quotes, and use vivid language.
Third, remember to stay true to the person’s life. Don’t exaggerate events or fabricate information. You want to stay as true to the facts as possible. It’s also important to consider the person’s perspective and how they would want their life to be portrayed.
Finally, it’s important to edit and revise your work. Make sure you check for typos, grammar mistakes, and any inconsistencies in the narrative. Also, consider having another set of eyes read it over for feedback.
Writing a biography is a daunting task, but with the right tips and tricks, you can create a compelling and engaging story. Research, structure, accuracy, and revisions are all key components to a successful biography.
Biographies are an essential part of our culture, whether it’s a book about a famous person or the personal story of a relative. A good biography has the potential to inspire and teach us about someone else’s life and struggles. But what makes a successful biography?
To answer this question, let’s look at some of the most popular biographies of all time. For example, Steve Jobs’ biography by Walter Isaacson was a tremendous success, as was Laura Hillenbrand’s Unbroken. Both of these biographies are written in a captivating style that draws readers into the story and evokes emotions.
Successful biographies are also incredibly detailed, often incorporating primary sources such as interviews and documents. Isaacson’s book, for example, includes over forty interviews with Jobs’ family, friends, and competitors. Unbroken is also filled with striking details, such as Hillenbrand’s description of a prisoner’s experience on a Japanese submarine during World War II.
At the same time, successful biographies are compelling and relatable. They don’t just tell the story of someone’s life; they also reveal universal truths and themes. Jobs’ biography, for example, is a story of ambition, passion, and innovation, while Unbroken is a tale of resilience and triumph over adversity.
By looking at successful biographies, we can see that the keys to a great biography are compelling storytelling, detailed research, and a universal message. With these elements, a biography can be a powerful and inspiring record of someone’s life.
Q1: What are the main features of a biography?
A1: The main features of a biography include the telling of a person’s life story, highlighting their accomplishments, as well as the challenges and obstacles they have faced. It may also include details about the person’s personal life, their family, their education, and their career.
Q2: Does a biography need to include an introduction?
A2: It is not necessary to include an introduction in a biography, although it can be used to provide context or background information about the person.
Q3: What kind of writing style is used in a biography?
A3: Biographies are typically written in a narrative style, which allows the author to tell the story of the person’s life. The tone of the writing should be neutral and objective, while still conveying the emotions and struggles of the subject.
A biography is a detailed account of a person’s life. It is a comprehensive story about an individual’s experiences, achievements, and struggles. Biographies often provide insight into the life of the person being written about and can be both interesting and informative. They can provide readers with an understanding of how the individual overcame challenges and made their mark on history. Biographies can also be used to explore the motivations and actions of people in different time periods and cultures. The features of a biography can vary widely, but typically include a narrative of the individual’s life, their accomplishments, and their lasting impact.
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A new definition for Long COVID could help people get the treatment they need
As many as 200 different symptoms and conditions can be involved with the chronic illness
The expert panel that crafted the definition recommends that federal officials adopt it
TUESDAY, June 11, 2024 (HealthDay News) -- A new proposed definition for Long COVID could help patients get the help they need, a new report from the National Academies of Sciences, Engineering and Medicine says.
Long COVID is a chronic condition that occurs after COVID-19 infection and is present for at least three months, the new definition holds.
Federal officials asked the National Academies to take up the issue of defining Long COVID, given that the lack of a consensus definition for it has led to difficulties in diagnosis and treatment of the disorder.
“The lack of a consistent definition for Long COVID has hampered research and delayed diagnosis and care for patients,” said Dr. Harvey Fineberg , president of the Gordon and Betty Moore Foundation and chair of the authoring committee.
“Our committee hopes this single definition, crafted with input from across research and patient communities, will help to educate the public about this widespread and highly consequential disease state,” he added in an academy news release .
The committee that prepared the new definition received input from more than 1,300 people, the experts said.
The report recommends that federal agencies adopt the new definition and implement it in the United States.
“Long COVID is a devastatingly persistent result of the COVID-19 pandemic that the medical community has yet to fully address,” said Dr. Victor Dzau , president of the National Academy of Medicine. “Serving this patient population through better-coordinated care, more definitive diagnoses and more efficient and streamlined research are important next steps for addressing its impact.”
The definition holds that Long COVID manifests in multiple ways across any organ system of the human body.
Overall, a complete list of signs, symptoms and conditions associated with Long COVID would have more than 200 entries.
Long COVID can start just after the initial infection or it can be delayed in onset by weeks or months, the definition says. A person could have suffered from no symptoms during their initial infection and still get Long COVID.
Patients with Long COVID can present with one or many symptoms, including shortness of breath, cough, persistent fatigue, post-exertional malaise, difficulty concentrating, memory changes, recurring headache, lightheadedness, rapid heart rate, sleep disturbance, problems with taste or smell, bloating, constipation and diarrhea.
Long COVID patients also might have one or more diagnosable medical conditions, researchers added. These could involve any of the major systems and organs in the body, and even mental disorders like depression and anxiety.
What’s more, Long COVID can exacerbate existing health conditions as well as presenting as a new condition.
These symptoms and conditions can range from mild to severe, and can resolve within months or persist for years, the panel said.
Anyone can get Long COVID, regardless of their age, sex or background, experts said.
Unfortunately, there are no clinical tests yet available that can conclusively demonstrate the presence of Long COVID, the panel said. Diagnosis must be made based on observed symptoms and conditions.
More information
The U.S. Centers for Disease Control and Prevention has more about Long COVID .
SOURCE: National Academies of Sciences, Engineering and Medicine, news release, June 11, 2024
Long COVID can include any of as many as 200 different symptoms and conditions, and can be linked to mild and severe cases of COVID.
From dangerous lion reserves to high mountain peaks, photographers go all out to capture the most spectacular images of our galaxy in this year's Milky Way Photographer of the Year competition.
The Milky Way has long fascinated humanity, covering the night sky with its familiar constellations and dense streams of stars. The full beauty of our galaxy is hard to see with the naked eye, but with the help of modern cameras, photographers can capture it in vibrant detail.
The annual Milky Way Photographer of the Year competition showcases awe-inspiring images that bring the greatness of our celestial home into view. Here, we explore our breathtaking galaxy through the lens of this year's winners.
The bold ribbon of the Milky Way parts the sky as it strikes the peak of Aoraki / Mount Cook, the highest mountain in New Zealand. Tom Rae journeyed through a glacial valley to capture the glowing sky against the cyan-blue lake and icy terrain on a winter night.
Lorenzo Ranieri Tenti took this captivating image of the multicolored hues of the Milky Way in the night sky. This image was taken at a mountain lion reserve in the Atacama Desert in Chile — home to several astronomical telescopes, including the forthcoming Vera C. Rubin Observatory, as well as cougars ( Puma concolor ).
As if taken in the center of a bubble, this panoramic image captures the entire arc of the Milky Way alongside a stunning airglow that lights up the night sky in the southwest of France.
Julien Looten took and merged panoramic photos of 40 different exposures to capture the multicolored bands. "This natural phenomenon occurs due to a chemical reaction in the upper atmosphere, emitting faint light known as chemiluminescence," Looten said in a statement .
Related: Some of the oldest stars in the universe found hiding near the Milky Way's edge — and they may not be alone
Get the world’s most fascinating discoveries delivered straight to your inbox.
This stunning photo captures the Milky Way above a blooming bottle tree ( Adenium socotranum) — a tree endemic to Socotra island in Yemen.
Rositsa Dimitrova took advantage of the island's total lack of light pollution to capture this spectacular photo. "The night sky in Socotra is categorized as Bortle 1 on the dark sky scale — the darkest you can possibly get," Dimitrova said in the statement.
In Jordan's Wadi Rum Desert, also known as the Valley of the Moon, Mihal Minkov captured a lone figure in an otherworldly landscape. Overhead, the shining stars of the Milky Way shimmer.
Photographed over Kanab, Utah, the Milky Way covers the sky above a scenic landscape of balanced rock formations, known as hoodoos. These toadstool formations are shaped over millions of years by erosion.
In this stunning photograph, the Milky Way arches gracefully over some campers on the rugged mountain of Aoraki / Mount Cook. Kavan Chay made the ascent to camp under the ethereal glow of the night sky — a scene he described as "breathtaking" in the statement.
Above the high mountain pass of Passo Giau in Italy, the luminous band of the Milky Way shines down on the untouched, snow-covered ground. Andrea Curzi captured this approximately 300-degree field of view of the galaxy while temperatures were at a frigid 17 degrees Fahrenheit (minus 8 degrees Celsius).
In this image, taken at about 15,000 feet (4,500 meters) above sea level, a calm lagoon glows under a tapestry of the Milky Way's stars in the Atacama Desert. Kerry-Ann Lecky Hepburn noticed that during the day the sun's beams bounced off the pool of water and replicated this by using a flashlight to capture the magical scene at night.
— Space photo of the week: 'God's Hand' leaves astronomers scratching their heads
— Most massive stellar black hole in the Milky Way discovered 'extremely close' to Earth
— Group of 60 ultra-faint stars orbiting the Milky Way could be new type of galaxy never seen before
In this image, dense stars reflect off of the renowned Morning Glory hot spring in Yellowstone National Park. The pool mirrors the constellations Scorpius and Antares.
The hot spring was named for its likeness to a colorful flower. But its famous crystal blue waters have changed to a bright green because of pollution, Zhang said in the statement.
To see the full list of winners, check out the official Milky Way Photographer of the Year website.
Elise studied marine biology at the University of Portsmouth in the U.K. She has worked as a freelance journalist focusing on the aquatic realm. Elise is working with Live Science through Future Academy, a program to train future journalists on best practices in the field.
The 2024 summer solstice will be the earliest for 228 years. Here's why.
Supermassive black hole roars to life before astronomers' eyes in world-1st observations
Giant river system that existed 40 million years ago discovered deep below Antarctic ice
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Do gallstones have another name, what is the biliary tract, how common are gallstones, who is more likely to develop gallstones, what are the complications of gallstones.
Gallstones are hard, pebble-like pieces of material, usually made of cholesterol or bilirubin , that form in your gallbladder . Gallstones can range in size from a grain of sand to a golf ball. The gallbladder can make one large gallstone, hundreds of tiny stones, or both small and large stones.
When gallstones block the bile ducts of your biliary tract , the gallstones can cause sudden pain in your upper right abdomen . This pain is called a gallbladder attack, or biliary colic. If your symptoms continue and they’re left untreated, gallstones can cause serious complications .
However, most gallstones don’t cause blockages and are painless, also called “silent” gallstones. Silent gallstones usually don’t need medical treatment.
The two main types of gallstones are
Cholesterol stones are usually yellow-green in color and are made of mostly hardened cholesterol. In some countries, cholesterol stones make up about 75 percent of gallstones. 1
Pigment stones are dark in color and are made of bilirubin. Some people have a mix of both kinds of stones.
Cholelithiasis is the name doctors sometimes call gallstones.
Your biliary tract, which is made up of your gallbladder and bile ducts, helps with digestion by releasing bile .
The gallbladder is a small, pear-shaped organ that stores bile and is located in your upper right abdomen, below your liver .
The bile ducts of your biliary tract include the hepatic ducts, common bile duct , and cystic duct . Bile ducts also carry waste and digestive juices from the liver and pancreas to the duodenum .
Your liver produces bile, which is mostly made of cholesterol, bile salts, and bilirubin. Your gallbladder stores the bile until it’s needed. When you eat, your body signals your gallbladder to empty bile into your duodenum to mix with food. The bile ducts carry the bile from your gallbladder to the duodenum.
Gallstones are very common, affecting 10 to 15 percent of the U.S. population, which is almost 25 million people. About a quarter of the nearly 1 million people diagnosed with gallstones each year will need to be treated, usually with surgery. 2
Certain groups of people have a higher risk of developing gallstones than others. 3
You are more likely to develop gallstones if you have one of the following health conditions:
You are more likely to develop gallstones if you
Learn more about dieting and gallstones .
Complications of gallstones can include
Many people do not have symptoms of gallstones until they have complications.
If left untreated, gallstones can be deadly. Treatment for gallstones usually involves gallstone surgery.
This content is provided as a service of the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), part of the National Institutes of Health. NIDDK translates and disseminates research findings to increase knowledge and understanding about health and disease among patients, health professionals, and the public. Content produced by NIDDK is carefully reviewed by NIDDK scientists and other experts.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.
Many life insurance companies offer no-exam life insurance, which has the obvious appeal of skipping medical exams. For some people, it's a great option, but keep in mind that this type of life insurance policy will still require some information about your medical history.
No medical exam life insurance is particularly good for people seeking insurance later in life, forfeiting death benefit amounts and paying higher premiums to qualify. As such, the best no exam life insurance should have high age eligibility without too much compromise on coverage and costs.
Policies included in our guide on the best no medical exam life insurance insure people up to 85 years old. Read on to learn more.
Ethos life insurance.
Ethos Life accepts applicants up to age 65 with a 100% online application process, and limits are as high as $2 million.
Ethos Life asks a few basic medical questions, but coverage is effective immediately once approved. In addition, every customer buying policies like this from Ethos Life is eligible for a 30-day look period, which is another way to say you can cancel and get your money back in the first 30 days with no penalties.
Read our Ethos Life Insurance review here.
Apply for life insurance online in just a few minutes with Ethos' simple application. No medical exams are required. Just answer a few health questions—many customers enjoy same-day coverage!
Aarp life insurance.
AARP Life Insurance caters to senior clients for insurance and many other financial products. Older adults between 50 and 74 may qualify as long as they are AARP members. Term policies are available with limits up to $150,000 in most states. Montana and New York residents may be eligible for up to $100,000. Whole life policy limits max out at $25,000.
Whole life policies can be issued without any health exams or medical questions. The term policies, on the other hand, may ask some health questions.
Read our AARP Life Insurance review .
Usaa life insurance.
USAA Life Insurance is typically associated with military members and their immediate family members, but its insurance products are available to anyone. Pricing is lower, payouts are higher, and customer service is strong. Of course, these services are only available to military and qualifying family members. For the children of a deceased military member to use any USAA products, the military member would need to be signed up before their death.
Guaranteed whole life policies are available in 49 states, excluding Montana. USAA life insurance coverage is available from $2,000 to $25,000 with no medical exam or questions. Applicants who want higher coverage limits can explore medical exam policy options with a licensed agent.
Read our USAA Life Insurance review .
Prudential life insurance.
Prudential Life Insurance offers up to $3 million in coverage for term life policies. Adults up to 60 years old are eligible for coverage with a short application involving some medical questions. For younger applicants, conversion options may also be available later to make term policies into whole life policies. However, due to the higher limits, Prudential's application process may also be longer.
Read our Prudential Life Insurance review .
Offers aggressive financial plans.
The aggressive financial plans offered by Prudential may appeal to many younger buyers and those with a stable income. However, those with lower income or buyers who aren't sure about the financial system may be more hesitant to engage with Prudential. Like many other industry giants, Prudential is working to change this perception.
Mutual of omaha life insurance.
Mutual of Omaha Life Insurance has high financial stability and customer satisfaction ratings across different types of insurance. Guaranteed life policies are available for adults between the ages of 45 and 85. In New York state, the age range is 50-75. Policies can be as small as $2,000 in most states and as large as $25,000 with no health questions or medical exams.
Mutual of Omaha's no medical exam policies have a graded death benefit. If you die within two years of the policy start date, the company will not pay the full policy. Instead, it delivers 110% of the premiums paid. The Mutual of Omaha website boasts same-day payouts on most policies. Policies for children are also available.
Read our Mutual of Omaha Life Insurance review .
Aaa life insurance.
AAA Life Insurance offers immediate death benefits for qualified applicants between 18 and 75. In other words, once your policy starts, you are eligible for the full policy benefit. Policies are available with limits as low as $25,000 and as high as $500,000. While a medical exam is not required, health questions are.
AAA offers term policies with limits as high as $500,000. For a whole life policy, the limit is $25,000. But applicants can add a rider doubling the payout for accidental death coverage. Younger people have no waiting period for benefits. For applicants over age 45, AAA pays out 130% of the premiums paid up to the date of death for the first two years.
The number of life insurance providers can be overwhelming and paralyzing. Asking friends and family about their life insurance policy and using guides like ours can be a great first step toward finding your policy.
However, guides and recommendations can only go so far in helping you decide which no medical exam life insurance company is best for you. You'll need to take factors like age, medical history, and your financial goals into consideration when you make your decisions. A qualified insurance professional may be able to help you crunch your numbers and find the best policy.
The most important, and most obvious, consideration when choosing a life insurance policy is the payout your loved ones will receive. The coverage you need will often depend on why you want life insurance. If your main goal is to make sure your final expenses are covered, than you'll have plenty of options. However, if you have long-term goals in mind, you may want to consider other life insurance options.
It's worth noting that no exam life insurance often has limited death benefits, so your options will be limited.
Generally speaking, most no exam life insurance fits into two types of life insurance policies: simplified issue and guaranteed issue.
Simplified issue : This is ideal for people who want life insurance but have a moderate health condition that may bar them from other insurance options. It's worth noting that some simplified issue life insurance providers enforce graded death benefits, withholding access to your full death benefits for a few years.
Guaranteed issue: Guaranteed issue life insurance is for older people looking for final expense coverage, which includes funeral and burial expenses. It limits applicants to those who are 50 and above.
Premiums for no medical exam life insurance are generally higher as applicants tend to be high-risk and requirements are lower. You'll want to keep this in mind as you sort through quotes.
You should peruse customer reviews on websites like Trustpilot and the Better Business Bureau while shopping for a life insurance company. You should note how helpful and accessible a company's customer service team is and any issues with receiving payouts. Unresponsive insurance companies are the last thing that anyone wants to deal with after the passing of a loved one.
The coverage and riders offered are vital parts of our evaluation. We also look at the speed of payouts, customer satisfaction, and financial strength ratings. All of these factor into the immediate and long-term performance of the life insurance companies we review.
If you're looking for more information about a specific life insurer, our reviews offer a deep dive into individual policies, riders, and more. The same considerations are used for all competitors to ensure readers have the edge to make informed decisions in an ever-changing market.
See our life insurance rating methodology for more details.
Most life insurance policies have some waiting period, whether it's a few weeks or longer. However, no medical exam life insurance is sometimes available with no waiting period, and you also have the option to purchase temporary coverage in the interim before your policy takes effect.
There are alternatives to a new medical exam life insurance policy. Insurance agents can quote you medical exam policies if you're denied a no medical exam option. An experienced agent may be able to assess your application before starting the process to avoid official denials. If you're concerned about premium limits, you can explore options like IUL ( indexed universal life ) for permanent life insurance that increases your benefit as long as you make premium payments.
The highest amount of life insurance you can get without a medical exam is lower than what you could get with a medical exam. Guaranteed-issue policies that don't require medical exams typically top out at $25,000 or $50,000 in coverage, while standard life insurance policies can offer millions in coverage.
You'll have to decide whether you prefer a whole or term policy based on your situation if you're getting no medical life insurance. A term policy has an expiration date, and extensions or conversions to a whole life policy are not guaranteed. If anything, your rate may be higher if you try to convert your policy. The insurer looks at you just as it would any other applicant of your age, health, etc. A whole life policy locks in premiums and payouts.
Yes, you can really get life insurance without a medical exam, but your options will be different. That's because you'll need to choose a guaranteed issue policy — a specific type of insurance that lets you bypass the medical exam requirement — and it will probably cost more than a regular policy including a medical exam.
Guidance documents related to certain “basis-shifting” transactions involving partnerships and related parties
The U.S. Treasury Department and IRS today released three guidance documents related to certain “basis-shifting” transactions involving partnerships and related parties.
As explained in the related IRS release— FS-2024-21 (June 17, 2024)—the basis shifting transactions targeted in the new guidance generally fall into three groups:
The guidance generally only impacts partnerships when partners are related parties. For purposes of the guidance, partners and other persons would be considered as related if they have a relationship described in section 267(b) (without regard to section 267(c)(3)) or section 707(b)(1) immediately before or immediately after a transaction. However, the guidance would impact certain transactions not involving related parties – including where a party is tax-exempt, foreign (in certain cases) or has a tax-attribute precluding the recognition of gain (in certain cases).
To address these transactions, the Treasury Department and IRS today released Notice 2024-54 announcing two sets of upcoming regulations:
The notice states that the Treasury Department and IRS intend to propose that the first set of regulations apply to tax years ending on or after June 17, 2024. That is, once finalized, the regulations would govern the availability and amount of cost recovery deductions and gain or loss calculations for tax years ending on or after June 17, 2024, even if the relevant covered transaction was completed in a prior taxable year. The effective date for the second set of regulations will be proposed in the upcoming proposed regulations.
In addition, the Treasury Department and IRS today released proposed regulations (REG-124593-23) that would identify certain partnership related-party basis adjustment transactions and substantially similar transactions as transactions of interest (TOI), a type of reportable transaction.
The TOIs generally involve positive basis adjustments of $5 million or more under section 732(b) or (d), 734(b), or 743(b), for which no corresponding tax is paid. The transactions would include either a distribution of partnership property to a partner that is related to one or more other partners in the partnership, or the transfer of a partnership interest in which the transferor is related to the transferee, or the transferee is related to one or more of the partners. In these transactions, the basis increase allows related parties an opportunity for decreasing their taxable income through increased cost recovery deductions or through decreasing their taxable gain (or increasing their taxable loss) on the subsequent transfer of the property in a transaction in which gain or loss is recognized in whole or in part.
The proposed regulations are proposed to apply as of the date of publication of final regulations in the Federal Register. However, taxpayers and their advisors should note that they may be required to report transactions that occurred prior to the date of publication of the final regulations.
Comments on the proposed regulations, as well as requests to speak and outlines for topics to be discussed at a public hearing (scheduled for September 17, 2024, at 10:00 AM ET), are due by August 19, 2024. If no outlines are received by that date, the public hearing will be cancelled.
Finally, the Treasury Department and IRS today released Rev. Rul. 2024-14 clarifying when the economic substance doctrine may apply to disallow tax benefits associated with basis-shifting transactions involving partnerships and related parties.
In particular, Rev. Rul. 2024-14 announces that the economic substance doctrine will be raised in cases when related parties:
Read another related IRS release— IR-2024-166 (June 17, 2024)
The purpose of this TaxNewsFlash is to provide a high-level summary of these guidance documents. Another TaxNewsFlash will be released shortly providing initial analysis and observations on the guidance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.
IMAGES
VIDEO
COMMENTS
Learn the meaning of biography as a noun, its synonyms, examples, and word history. Find out how to write a biography and the difference between biography and autobiography.
BIOGRAPHY meaning: 1. the life story of a person written by someone else: 2. the life story of a person written by…. Learn more.
A biography is the life story of a person written by someone else, or the area of literature relating to books that describe such stories. Learn more about the meaning, usage and pronunciation of biography with examples from the Cambridge Dictionary.
Biography. A biography, or simply bio, is a detailed description of a person's life. It involves more than just basic facts like education, work, relationships, and death; it portrays a person's experience of these life events. Unlike a profile or curriculum vitae ( résumé ), a biography presents a subject's life story, highlighting various ...
Biography is a form of literature that re-creates the life of an individual by drawing upon all available evidence. Learn about the historical, psychological, and artistic aspects of biography, as well as some famous examples and authors.
Biography is the non-fiction, written history or account of a person's life, intended to give an objective portrayal of the subject. Learn about the common examples, types, and differences of biography as a literary device, and see some famous examples of biographical works.
Biography definition: a written account of another person's life. See examples of BIOGRAPHY used in a sentence.
Here's how we define biography, a look at its origins, and some popular types. "Biography" Definition. A biography is simply the story of a real person's life. It could be about a person who is still alive, someone who lived centuries ago, someone who is globally famous, an unsung hero forgotten by history, or even a unique group of people.
A biography is a written account of one person's life authored by another person. Learn about the history, types, and examples of biographies in literature and film.
the story of a person's life written by somebody else; this type of writing. Boswell's biography of Johnson; a biography by Antonia Fraser; The book gives potted biographies of all the major painters. compare autobiography
BIOGRAPHY definition: 1. the story of a person's life written by another person 2. about someone's life: . Learn more.
biography: 1 n an account of the series of events making up a person's life Synonyms: life , life history , life story Examples: Parallel Lives a collection of biographies of famous pairs of Greeks and Romans written by Plutarch; used by Shakespeare in writing some of his plays Types: show 4 types... hide 4 types... autobiography a biography ...
A biography is what we call the written account of someone's life. It is written by someone other than whom the book is about. For example, an author named Walter Isaacson has written biographies on Steve Jobs, Leonardo da Vinci, and Einstein . A biography is what focuses on the significant events that occurred in a person's life, along ...
Definition of biography noun from the Oxford Advanced American Dictionary biography noun. noun. NAmE / / baɪˈɑɡrəfi / / [countable, uncountable] (pl. biographies) jump to other results. the story of a person's life written by someone else; this type of writing Boswell's biography of Johnson compare autobiography.
2 meanings: 1. an account of a person's life by another 2. such accounts collectively.... Click for more definitions.
biography (noun) biography /baɪ ˈ ɑːgrəfi/ noun. plural biographies. Britannica Dictionary definition of BIOGRAPHY. [count] : the story of a real person's life written by someone other than that person. a new biography of Abraham Lincoln. — compare autobiography.
Defining Biography. A biography is a detailed account of a person's life, written by someone other than the subject. The term "biography" is derived from two Greek words: "bio," which means life, and "graphy," which signifies writing. Thus, a biography is the written history of someone's life, offering an in-depth look at their ...
Define biography. biography synonyms, biography pronunciation, biography translation, English dictionary definition of biography. n. pl. bi·og·ra·phies 1. An account of a person's life written, composed, or produced by another: a film biography of Adlai Stevenson; an oral biography.
Biography definition: a written account of another person's life. See examples of BIOGRAPHY used in a sentence.
biography - WordReference English dictionary, questions, discussion and forums. All Free.
Definition of a Biography . A biography is a written account of someone's life. It can tell the story of an individual's life from birth to death, or it can focus on a specific period or event. Biographies can range from formal to informal, and can be written in a variety of styles. Regardless of the style, a biography will generally ...
biography in American English. (baɪˈɑgrəfi ; also biˈɑgrəfi ) noun. 1. the histories of individual lives, considered as a branch of literature. 2. Word forms: plural biˈographies. an account of a person's life, described by another; life story. Webster's New World College Dictionary, 4th Edition.
Biography definition: An account of a person's life written, composed, or produced by another.
The definition holds that Long COVID manifests in multiple ways across any organ system of the human body. Overall, a complete list of signs, symptoms and conditions associated with Long COVID would have more than 200 entries. Long COVID can start just after the initial infection or it can be delayed in onset by weeks or months, the definition ...
"The vanity of life" — Mihail Minkov (Image credit: Mihail Minkov) In Jordan's Wadi Rum Desert, also known as the Valley of the Moon, Mihal Minkov captured a lone figure in an otherworldly ...
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Hyun notes that it is the embryo's potential to become a person, not its current personhood, that matters to most human embryo advocates, and similar issues surround patients at the end of life.
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In addition, the Treasury Department and IRS today released proposed regulations (REG-124593-23) that would identify certain partnership related-party basis adjustment transactions and substantially similar transactions as transactions of interest (TOI), a type of reportable transaction.. The TOIs generally involve positive basis adjustments of $5 million or more under section 732(b) or (d ...