Colorado is on the precipice of the state’s biggest tax reform in many years. The state’s House of Representatives recently approved two major bills comprising a “tax fairness” initiative. The bill will provide increased tax benefits for low-income workers and families and will include a cut back on … Read More
Robinhood Markets is entering the IPO business, just a month before the company’s own anticipated debut on the stock market. The popular financial service app is known for providing commission-free trading for stocks and exchange-traded funds (ETFs). Robinhood is expanding its offerings with a new platform that … Read More
The influence of social media seems to have infiltrated every corner of society—including the stock market. In the past week, the S&P 500 (a popular index of the largest companies listed on U.S. stock exchanges) has been trading close to record highs, partly catalyzed by what are … Read More
United States Tax Court, Nos. 930–07, 1384–07, 13303–07, 29011–08, 29090–08, January 19, 2012 KEY QSBS TAKEAWAY(S): In Owen v. Commissioner, the taxpayer met the 60–day requirement of section 1045(a)(1) because the stock purchase agreement transaction was signed on June 17, 2002, and the sold Family First Companies shares--amounting to … Read More
Doughnut company Krispy Kreme has officially filed for an IPO on Nasdaq. The North Carolina-based brand will be traded under the ticker DNUT. Krispy Kreme has had a varied history with the stock market. In 2000, the company first went public on the Nasdaq, then switched to the … Read More
Companies joining the New York Stock Exchange or Nasdaq at the beginning of 2021 enjoyed dramatic increases in share prices, but this trend is now on the decline. Since the first quarter of the year ended, even companies whose initial public offering (IPO) debuted at a high … Read More
President Biden’s proposed budgetary plan may make it difficult to meet his campaign promise never to raise taxes on those making $400,000 a year or less. According to some experts from the Tax Policy Center, Biden’s proposal to increase the capital gains tax may mean that about … Read More
United States Tax Court, No. 17291–07, February 1, 2010 KEY QSBS TAKEAWAY(S): In Natkunanathan v. Commissioner, the taxpayer misused the definition under §1202(f) and argued stock options are equivalent to the sale or exchange of stock. Another key takeaway is the taxpayers failure to provide evidence that the … Read More
United States Tax Court, No. 3769-10, August 30, 2012 KEY QSBS TAKEAWAY(S): In Holmes v Commissioner, the taxpayer provided no evidence to demonstrate that they received the shares at original issuance (required as per IRC §1202(c)(1)(B)), and therefore failed to substantiate that their stock holdings qualified as QSBS. … Read More