Tax Planning, State Taxes, Capital Gains Tax

Section 1202 and QSBS: A Survey of States That Don’t Conform to the Federal Treatment

Frost Brown Todd on 8/14/2025

Section 1202 of the Internal Revenue Code provides a capital gains exclusion for certain qualified small business stock (QSBS) when a stockholder sells the same. This gain exclusion impacts venture-backed startups, angel...more

Recent Changes to Washington State Tax Laws Will Increase Taxes for Many Taxpayers

K&L Gates LLP on 6/16/2025

In May 2025, Washington Governor Bob Ferguson signed into law several bills that will impact both individual and business taxpayers. Although the changes are likely to increase many taxpayers’ Washington tax bills, some...more

Massachusetts Tax Law Update - May 2023

Harris Beach Murtha PLLC on 5/12/2023

On April 13, the Massachusetts House of Representatives approved H.3770, a tax reform bill that includes significant changes for individuals, businesses and estates. The bill is now with the Senate’s Ways and Means Committee,...more

Washington Supreme Court Upholds Capital Gains Tax

Stoel Rives LLP on 3/27/2023

Effective January 1, 2022, Washington law imposes a 7% tax on gains over $250,000 per year from the sale or exchange of long-term capital assets allocated to Washington such as stocks, bonds, business interests, or other...more

Planning for the Massachusetts ‘Millionaires Tax’

Morgan Lewis on 1/3/2023

The new Massachusetts “Millionaires Tax” imposes an additional 4% income tax on the portion of annual taxable income in excess of $1 million (indexed for inflation), starting in 2023. The new tax will affect high-income...more

GameStop, Taxes, and the Next Trade

Bowditch & Dewey on 2/15/2021

It appears the wild ride for traders in GameStop (GME) stock has ended with shares trading at a fraction of what they were trading just a few weeks ago. Shares which once soared from around $20 a shares to a high of $380, as...more