Tag Archives: seattle

Bury Me in Tax Paperwork Absurdity

Unless Congress changes the law, starting in the year 2012, businesses are going to have to issue Forms 1099 not only to individual independent contractors they pay more than $600 for services, but also to any individuals or corporations they … Continue reading

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Internet Sales Tax Draft Bill, the “Main Street Fairness Act”

If you are interested in knowing what Congress is up to with respect to allowing states to require out-of-state internet retailers to collect and remit sales tax, the latest bill making the rounds, the “Main Street Fairness Act” (the “Act”), … Continue reading

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Senate To Consider Temporary Repeal of Capital Gains Taxes On QSB Stock

As I’ve previously blogged, the U.S. House of Representatives approved a complete elimination of capital gains taxes on qualified small business stock purchased between March 15, 2010 and January 1, 2012, including a repeal of the alternative minimum tax associated … Continue reading

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How Will the 2,000 Page Dodd-Frank Wall Street Reform and Consumer Protection Act Affect Startups?

You can find the text of the final, post-conference committee Dodd-Frank bill here. The sections relevant to startups that we were tracking were sections 412 and 926. The final language of these sections is quoted below. How badly did startups … Continue reading

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Political Action Scorecard

I recently received an email from a friend asking for a status report on a couple of the securities and tax law issues that I have been twittering about as they’ve flowed through the political system. Below is a “political … Continue reading

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