On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” into law. Among notable tax legislation, the act expanded the qualified small business stock exclusion, potentially making C Corporation tax status a...more
7/9/2025
/ Business Entities ,
C-Corporation ,
Internal Revenue Code (IRC) ,
New Legislation ,
Qualified Small Business Stock ,
Startups ,
Tax Credits ,
Tax Legislation ,
Tax Planning ,
Tax Reform ,
Trump Administration
Kevin’s practice involves guiding clients through the complexities of federal, state, local and international taxation. Kevin routinely advises business entities, tax-exempt organizations and high net worth individuals on a...more
The gift tax annual exclusion allows a taxpayer to gift a certain amount to a recipient each year without using any of the taxpayer’s lifetime exemption amount. In 2022, the annual exclusion amount was $16,000, or $32,000 for...more