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Max the Tax: Section 754 (MTT6) (Downloadable PDF)

Provider: Surgent Accounting and Financial Education

Taxes 1 CPE Credits Intermediate QAS self study IRS EA Federal Taxation
Two firms need expert help with Section 754, and game participants are just the right people to assist. First, partners at LMN, LLP are considering electing Section 754. They need to understand key aspects of the process and want to ensure the best outcome to their basis in partnership property and interest. Participants must then leverage their knowledge and calculate the adjusted basis balance sheet for another firm that already elected Section 754.

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