Monthly Archives: December 2009
By Joe Wallin & Michael Gentile The Internal Revenue Code contains a number of preferential tax treatment provisions for small businesses. One that is often overlooked is Section 1045, which generally permits a non-corporate taxpayer to elect to defer recognizing gain on the … Continue reading
There are at least two significant public policy items of concern for startups as we move into 2010.
The US House of Representatives today voted to subject the carried interest to tax as ordinary income and employment taxes.