Tax

What is an 83(b) Election and when should I make one?

Section 83 of the Internal Revenue Code applies to various forms of deferred compensation, including equity compensation such as...

Revenue Procedure 2001–43

Revenue Procedure 2001–43 SECTION 1. PURPOSE This revenue procedure clarifies Rev. Proc. 93–27 (1993–2 C.B. 343) by pro­viding guidance...

Aug 14 · 2 min read >

Revenue Procedure 93-27 (1993-27 C.B. 343)

This revenue procedure provides guidance on the treatment of the receipt of a partnership profits interest for services provided...

Aug 14 · 1 min read >

What is a Qualified Small Business?

A Qualified Small Business (QSB) is:(i) a domesting C corporation; (ii) with gross assets that don’t exceed $50M; (iii)...

Feb 1 · 19 sec read >

What is Qualified Small Business Stock?

Qualified Small Business Stock (QSBS) is stock issued by a corporation, that is a Qualified Small Business (QSB) on...

Feb 1 · 7 sec read >

Small Business Jobs Act of 2010 – Elimination of Capital Gains on QSBS Stock

On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the Act). Among...