News & Articles

New Tax Law Boosts Appeal of Qualified Small Business Corporations

Posted on Wed, May 23, 2018

Would you like to invest in a business that allows you to subsequently sell your stock tax-free? That may be possible with qualified small business corporation (QSBC) stock that's acquired on or after September 28, 2010. Sales of QSBC stock are potentially eligible for a 100% federal income tax exclusion. That translates into a 0% federal income tax rate on your profits from selling stock in a QSBC.

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Tags: Qualified Small Business Stock, Stocks, Tax Cuts and Jobs Act (TCJA)

When Your Stock is Worth...Nothing

Posted on Wed, Nov 16, 2016

When you own stock in what is now a bankrupt company, one thing is for sure: It was a lousy investment. Unfortunately, that doesn't automatically mean you can write off the cost of your shares for tax purposes.

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Tags: Bankruptcy, Qualified Small Business Stock, Taxpayers Claim a Theft Loss

Pay No Federal Tax on Qualified Small Business Stock

Posted on Mon, Jun 03, 2013

To encourage investment in some small businesses, investors have an opportunity to collect gains that are free from federal tax. Investors in Qualified Small Business Corporations may qualify for three different gain exclusion tax breaks. However, under current law, you must act before the end of the year to get the best gain exclusion deal. This article briefly explains the rules.

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Tags: Qualified Small Business Stock, C corporation, CPA Firm, Federal Income Tax, EHTC