Our laws have long said that taxpayers are free to structure their legal affairs to minimize their taxes. Congress has even provided very specific provisions to accomplish this. Section 1202 stock is an example. This provision is intended to encourage start-ups to take business risks by rewarding those who are successful by allowing them to…
Category: Choice of Entity
Choice of Entity
The choice of business entity can have a significant impact on tax obligations. Our experienced team can guide you through the decision-making process. Give us a call to see how we can help, (713) 909-4906.
Qualifying for Section 1244 Stock Losses
The Tax Cuts & Jobs Act of 2017 changed the choice of entity decision quite a bit. It affords corporate taxpayers the benefit of the lower flat 21 percent tax rate. It provides non-corporate businesses a 20% qualified business income deduction. There were other changes too. This is in addition to the existing tax rules…