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As the economy picks up to yield-reduced investment risk, and as an increase in tax rates continues to threaten, the benefits of Section 1202 qualified small-business stock deserve some attention. From both the perspective of the investor seeking to maximize after-tax yields and the entrepreneur seeking additional capital, the 2010 Tax Relief Act's extension of the 100 percent exclusion of gain from Section 1202 stock for an additional year, through Dec. 31, 2011, is an opportunity worth revisiting. What remains constant under any second look, however, is that Section 1202 requires patience: It will take a taxpayer at least five years to see how the story ends after any particular acquisition of qualified stock.
June 1 -
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The world is shrinking—and the surge of international business is a contributing factor.
June 1 -
The relationships between the nation's banks and CPA firms has at times been both competitive and profitable.
June 1 -
The medical analogy comes up often when discussing the fount of credentials available as shiny new letters hitched to the back of an accountant's name.
June 1 -
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There have been a number of surveys conducted that attempt to measure the desirability of doing or investing in business in one state versus another.
June 1 -
An agreement to raise the debt ceiling in Congress appears to be linked increasingly to a deal to cut both taxes and Medicare spending.
June 1 -
The Internal Revenue Service and the Financial Crimes Enforcement Network have granted a one-year extension on the deadline for filing a Report of Bank and Financial Accounts form, or FBAR, but only for a small subset of individuals who have only signature authority.
May 31 -
The Internal Revenue Service has issued a notice restricting the use of the term “registered tax return preparer” until tax preparers can be officially tested and checked.
May 31
