On October 28, 2021 President Biden laid out his case for a scaled back version of the originally proposed $3.5T Build Back Better Act, reducing the cost to $1.75T. The bill includes various tax reforms to generate the $1.75T needed, including the following: (President Biden Announces the Build Back … Read More
Originally designed to encourage investors to help the disadvantaged, the Tax Cuts and Jobs Act was signed into law in 2017. With this law came the creation of Opportunity Zones (OZ), socioeconomic locations identified by the government and designated for new business development with the intention of … Read More
United States Tax Court, No. 2917-63, July 23, 1965 Key QSBS Takeaways: In Bardahl Mfg. Corp. v. Commissioner, the United States Tax Court contended that Bardahl Corporation avoided "the imposition of individual income tax on its shareholders, by permitting its earnings and profits to accumulate instead of being … Read More
As the Build Back Better Act Amendments (BBBA) continue to threaten the QSBS tax incentive, the potential repercussions are causing many founders to voice concern about the direct impact these changes would have on them, their fellow employees and their shareholders. Originally designed to invigorate the economy and … Read More
Where Can You Follow Along? CapGains, Inc, alongside our subsidiary QSBS Expert, has brought our subscribers the latest news on the top stories surrounding tax incentives. Most recently, that has meant bringing our audience real-time updates on the Build Back Better Act proposed amendments to QSBS. QSBS Expert Our LinkedIn profile … Read More
We are proud to work with industry leaders to urge policymakers to preserve QSBS tax treatment given. On September 30, 2021, CapGains Inc. (d/b/a QSBS Expert), along with the following organizations, sent the below letter to members of Congress to inform them as to why … Read More
Intuit, the maker of TurboTax, QuickBooks, Mint, and Credit Karma, is buying Mailchimp, for $12 billion in cash and stock. While the global technology platform has previously maintained a strictly financial vertical, there are many reasons to celebrate the acquired all-in-one Marketing Platform. What is Mailchimp? Mailchimp is an … Read More
Recent markups to the Build Back Better Legislation include an amendment to the previously-untouched Section 1202, which outlines the Qualified Small Business Stock tax exemption. The House Ways and Means Committee added verbiage that would limit the potential 100% federal tax exclusion of the capital gain recognized … Read More
In the months since President Biden announced his tax reform proposal that included a tax hike on income recognized from capital gains, investors have been keeping a close eye on the political climate and the likelihood that this change would be enacted. Currently, there are only 3 … Read More