Tag Archives: seattle

New Proposed S Corporation Tax Bill Revised

As I blogged last week, Congress is considering taking away the employment tax benefits of being an S corporation for certain small professional services businesses. The first bill that was proposed targeted S corporations engaged in professional service businesses if … Continue reading

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House Passes 100% Exclusion On Sales of Certain Qualified Small Business Stock

Today the House passed a bill which would completely exempt from capital gains taxes (subject to per taxpayer limitations) the gain on the sale of qualified small business stock held for more than 5 years, if such stock was purchased … Continue reading

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House To Consider Bill Eliminating Capital Gains Taxes On Small Business Investments As Early As This Week

As reported in the Wall Street Journal, the House may consider as early as Thursday a bill that would temporarily eliminate capital gains taxes on qualified small business stock held for more than 5 years, in an attempt to drive … Continue reading

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New Version of Tax Extenders Bill and Summary Now Available (and attached)

The Senate has released its version of the tax extenders bill, and a summary. It has changed the taxation of the carried interest as approved by the House. The change is summarized below. Links to the summary of the bill … Continue reading

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How Will Proposed New Taxes On S Corporation Shareholders Affect Startup Technology Companies?

By Joe Wallin and Brian Todd As we’ve blogged about before, there is a tax planning opportunity available with S corporations that is not available with limited liability companies taxed as partnerships (LLCs). With an S corporation you may be … Continue reading

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