Strategies to optimize your finances

ASC 321 covers accounting for equity securities at fair value or the measurement alternative. Here is what is in scope and how to measure them.

ASC 470 provides comprehensive guidance on balance sheet classification, disclosure requirements, issuance costs, and convertible liability under GAAP.

How partnerships allocate built-in gain or loss on contributed properties using the traditional, curative, and remedial allocation methods.

Learn how Section 351 lets you transfer property to a corporation in exchange for stock tax-free, and what makes the transfer taxable.

A Section 743(b) basis adjustment aligns a buyer's share of partnership basis with what they paid. Here is how it works and how to compute it.

The built-in gains tax hits a C corporation that converts to an S corporation and sells assets within five years. See how to compute it.