Category: General

How is a 754 election made?

To remedy this, a partnership may make a 754 election under Internal Revenue Code sections 743(b) and 734(b) to equalize the buyer’s basis in the purchase...

Is an EA a tax accountant?

If you’re exploring hiring a professional to do your taxes, you may come across the terms enrolled agent (EA) or certified public accountant (CPA). An enr...