President Biden’s capital gains tax proposal would result in hefty tax consequences for America’s wealthy, including members of Biden’s own cabinet. Biden has argued that raising capital gains rates for households making over $1 million would generate enough funding for proposed antipoverty and education programs, stoking the … Read More
The Washington State Legislature passed a bill this April that issued a capital gains tax on individual state residents. Historically, Washington’s non-existent state income tax carried over into capital gains meaning Washington investors paid zero state tax on the sale of long-term stock. When the new 7% … Read More
Stock exchange operator Nasdaq has successfully petitioned the SEC (U.S. Securities and Exchange Commission) to allow companies to raise capital through direct listings. This presents companies that have not yet debuted on the stock market with an alternative to the traditional IPO (initial public offering). Companies looking to … Read More
On September 13, 2021, the House Ways and Means committee released proposed amendments to the Build Back Better Act which would impact QSBS treatment The release of the markups to the Build Back Better Act have QSBS investors and founders worried about their eligible tax exemption. The House … Read More
Not sure if the stock you’re invested in is QSBS, learn more about our QSBS Monitoring Platform Federal QSBS Exclusions and State Tax Implications Allowing capital gains tax exclusions for Qualified Small Business Stocks (QSBS) encourages investment in US small business. QSBS laws help provide capital for these businesses … Read More
On September 25, 2014, the IRS released Private Letter Ruling (PLR 201436001), addressing whether a corporation operating in the pharmaceutical field meets the Section 1202 / QSBS criteria of being a “Qualified Trade or Business”. The company in question in this PLR: works with pharmaceutical clients to commercialize experimental … Read More
On April 9, 2021, the IRS released Private Letter Ruling (PLR 202114002), addressing whether a corporation operating in the insurance field meets the Section 1202 / QSBS criteria of being a “Qualified Trade or Business”. The company in question in this PLR: helps customers obtain property, casualty, surety, personal, … Read More
Include QSBS clauses in your agreements to better manage your QSBS With an increased emphasis on qualifying and maintaining Qualified Small Business Stock (QSBS) status, investors have increasingly requested that QSBS reps and covenants are included in agreements. This page includes resources to help investors and corporations better … Read More
What is a family limited partnership? A family limited partnership, or "FLP", is a legal entity established when two or more members of a family create a partnership. The partnership is set up as a holding company, and the holdings may include business interests, real estate, securities, and … Read More