Strategies to optimize your finances

How ASC 360 impairment testing works for long-lived assets held and used, asset groups, intangible assets, and assets to be disposed.

Learn how Section 752 allocates partnership liabilities, what the December 2024 final regulations changed, and how recourse liabilities work.

Under Section 731, a partnership distribution triggers gain only when money, including marketable securities, exceeds your basis. Here are the rules.

IRC Section 721 lets you contribute property to a partnership in exchange for an interest with no immediate tax. See how it works and its limits.

Effectively connected income (ECI) is taxed at graduated rates on a net basis. See how ECI tax works and how it differs from flat 30% FDAP.