Given the recent amendments to Internal Revenue Code Section 1202,1 which increase the benefits of holding qualified small business stock (QSBS), many companies currently operating as tax partnerships may want to convert into...more
8/4/2025
/ Business Entities ,
C-Corporation ,
Corporate Conversions ,
Holding Periods ,
Internal Revenue Code (IRC) ,
Limited Liability Company (LLC) ,
Partnerships ,
Qualified Small Business Stock ,
Small Business ,
Tax Legislation ,
Tax Planning ,
Taxation
Section 1202 of the Internal Revenue Code provides that noncorporate taxpayers may exclude certain gains on the disposition of Qualified Small Business Stock (QSBS) held longer than the minimum required holding period. One...more
7/21/2025
/ Capital Gains ,
Conversion ,
Corporate Taxes ,
Exclusions ,
Internal Revenue Code (IRC) ,
Mergers ,
Partnerships ,
Qualified Small Business Stock ,
Small Business ,
Stock Transfer ,
Tax Benefits ,
Tax Deductions ,
Tax Planning ,
Taxation ,
Venture Capital
Between wildfires such as the ones in Southern California earlier this year and hurricanes and other major storms experienced by other parts of the country annually, there is no shortage of natural disasters affecting people...more
4/18/2025
/ Estate Planning ,
Federal Taxes ,
Insurance Claims ,
Natural Disasters ,
Property Damage ,
Property Tax ,
Qualified Disaster Relief Payments ,
State Taxes ,
Tax Deductions ,
Tax Liability ,
Taxation ,
Time Extensions