The United States government has long leveraged tax incentivizes (e.g. tax credits & exemptions) in its policies to spur economic development. Tax incentives allow the government to change the behavior of individuals and companies by influencing the flow of capital; for example, incentivizing taxpayers to save money, … Read More
Unsure if your stock is QSBS? Check your potential eligibility here. As a holder of qualified small business stock (QSBS) it is important to know what steps to take not only when you report the Section 1202 exclusion on your taxes but also when the QSBS is issued. … Read More
Most people believe that increasing your wealth and lowering your taxes at the same time is impossible. The general population thinks of taxes as barrier to saving more money but that is small minded. A quote by Robert Kiyosaki "Often, the more money you make the more … Read More
YESSSS it is possible to make a "tax-free investment" without needing to qualify as a 501(c)(3) nonprofit, government entity, or investing in municipal bonds. Navigating the tax code is like playing chess, you need to have a strategic gameplan with various scenarios mapped out to make your … Read More
It is easy to forget about the implications of state and local taxes on your income whether it is W-2 wages or capital gains on an investment. If you are an investor be sure to check out your state's tax treatment of capital gains because they could … Read More
If you are googling "states with no income" you must be either getting ready for tax season, moving to a new state, starting a business, or have a current or potential Section 1202 qualified small business stock opportunity. Am I right? Well, you've come to the right … Read More
QSBS Section 1244 was passed in 1958. It allows for losses from venture investing by taxable individuals to be deducted against ordinary income. Joe Milam, CEO of AngelSpan, Inc. has been leading efforts to update / modernize the "Impact Incentive" to at least update the levels and … Read More
If you are familiar with the definition of a qualified small business per Section 1202 there are a few nuances with Section 1244 as well as the methods of acquiring the stock. The difference between Section 1202 (not an exhaustive list) and 1244 are below: Read More