Topic
Section 754 election
2 published works
Leahy Tax Blog
IRS Grants Late Section 754 Election Relief After Partner’s Death: Practical Lessons for Partnerships
By Jake Leahy
In PLR 202619013, the IRS gave a partnership 120 days to make a late Section 754 election after a partner died. The ruling is useful, but not because it creates…
Agricultural Law and Taxation Blog
The $714 Million Phantom
Overview For decades, the tax Code has been a tool for savvy farmers and ranchers to preserve capital, transition operations to the next generation, and manage the razor-thin margins of…