Section 754 of the Internal Revenue Code allows a partnership to elect to adjust the basis of partnership property in the case of a distribution or transfer of a partnership interest. Taxpayer was ...

However, Hardik Pandya and Shivam Dube stepped up to turn the game around. The duo built a crucial 87-run partnership for the sixth wicket, helping India post a competitive total of 181/9.

these only require the partnership to report adjusted basis and fair market value for distributed property. Overall, Form 7217 reflects a shift toward more granular reporting, requiring partnerships ...

After adjusting for one-time costs like acquisitions, the drug and medical device maker's adjusted profits beat estimates. The company's projections for sales during the 2025 fiscal year also came ...

President Donald Trump wants to overhaul the federal government and enact a sweeping, conservative agenda. More than anyone else, House Speaker Mike Johnson could help get that done. In the ...

President Donald Trump speaks in the Roosevelt Room at the White House, Tuesday, Jan. 21, 2025, in Washington, as Softbank CEO Masayoshi Son, Oracle chief technology officer Larry Ellison and ...

Microsoft and OpenAI announced Tuesday that they have adjusted their partnership so that OpenAI can access competitors’ compute. The new agreement “includes changes to the exclusivity on new ...

WASHINGTON (AP) — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by ...

We are thrilled to continue our strategic partnership with OpenAI and to partner on Stargate. Today’s announcement is complementary to what our two companies have been working on together since 2019.

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