Explore the meaning of "basis" in finance, focusing on its tax implications and role in investment transaction. Learn how it ...

Learn what basis value is, how to calculate it, and see examples to understand its role in reducing tax burdens on fixed ...

I am a CPA specializing in helping busy business owners decrease the amount of time and energy they need to manage their accounting system. It’s tax preparation season, and like most business owners, ...

Cost basis is the original purchase price of an asset. Tracking cost basis is key to tax-efficient investing. Many, or all, of the products featured on this page are from our advertising partners who ...

The concept of basis is simple, but calculating basis for S corporation stock takes much of many CPA tax practitioners’ time and energy. Why is this the case? Basis measures the amount that the ...

When individuals contribute assets to form a partnership, they must calculate each partner's basis in the partnership using two separate methods. Outside basis, or book basis, tracks each partner's ...

What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Let’s start with a little dose of reality: There are areas of the tax law so complex, so convoluted, that try as you might, you will never attain a mastery of the material. You could spend the ...

The IRS issued final regulations (T.D. 10028) Friday that identify certain partnership related-party basis-shifting transactions and substantially similar transactions as transactions of interest ...

Inheriting an asset grants a step-up in basis, setting cost basis to FMV at death, reducing capital gains tax. Controversy surrounds step-up in basis, as it significantly lowers taxes on inherited ...