Basis

Inside v. Outside basis – WTF is THIS a Big Deal?
Inside v. Outside basis – WTF is THIS a Big Deal? Partnerships In a partnership,...

The Significance of Stepped Up Basis in Estate Planning IRC 1014
According to Internal Revenue Code Section 1014 the basis of property acquired from a decedent...

Business Taxes Due Next Week – AVOID PENALIZATION – File An Automatic Extension Request TODAY – IRS Form 7004
The Business and Partnership Tax deadline is coming up fast! Don't sweat it! File IRS...

Final Tangible Property Regulations Necessitate that Many Businesses Apply for Change Of Accounting Method: IRS Form 3115; Rev Procs 2015-13 & 2015-14
Back in June 2014 I blogged about the new IRS Regulations governing tangible personal property....

Take Care Closing Down An LLC – IRC 752 – Treatment of Certain Liabilities
A taxpayer reading one of my blog posts from Ishpeming, Michigan was compelled to call...