Methinks the method given by Ady has far to risk of operator confusion leading to major mess-up.
Best to use what was taught to me as the "Zero to Zero" method for screwcutting using the top-side set over at an angle which will allow you to do such broadening cuts at the base of the thread with minimal risk of getting lost. The major advantage of the Zero to Zero method is that it not only does it avoid all the tedious trigonometry to calculate thread depths and sidesteps any errors due to the top-slide angle being a touch off it also gives you an accurately measured account of what you ahve done so if things don't fit you have a fighting chance of figuring out what the gremlins did this time.
Basic method is to turn or bore the workpiece to the correct size then mount the screw cutting tool and bring it up to just touch the workpiece. Set both to cross and topslide dials to zero. Pull the tool back clear of the workpiece and crank the saddle along until the tool point is in clear air. Using the cross slide move the tool back past zero until the dial reads the depth of thread to be cut. Set the dial back to zero and use the topslide to bing the tool back far enough to make the first cut. Use the cross slide to pull the tool into and out of cut for saddle travers, cutting passes being made with slide on zero. Cuts are put on with the top-slide. Job done when top slide at zero and last spring cut is clear.
Obvoiusly the lathe does all the trigonometry to calculate the top-slide feed needed to achieve the desired depth of thread for whatever angle its set at. Which only needs to be close to half the angle of the thread. My topslide lives at 25° off which works just fine for both 55° and 60° threads.
If you need to widen the base of the thread make a cutting pass with the cross slide set a little short of zero with a compensatory extra in-feed on the top-slide to keep the depth the same. For all practical purposes the extra width at the base of the thread will be half the cross slide shift when a compensatory top-side feed of 1.15 times the shift is applied to keep the depth constant. The trig is relatively simple if you want more accurate values but whether your lathe can deliver them is a whole n'other matter.
Frankly is far easier to truncate the threading tool to the proper width tip, maybe stoning a radius on the corners too for a perfect job, than mess around with threading techniques. I've seen some right difficult ways of measuring tool truncation. The easy way is to grind it sharp, measure the overall length, figure out how much shorter it needs to be to give the right width at the end and trim it back by the required amount. If you are confident in your trig the amount to trim is easily calculated otherwise refer to thread data book which will tell you how much the real thread is truncated by when compared to a sharp triangle.
Clive