Tax twists on timing qualified small business stock sales

Article Abstract:

The author discusses the tax treatment of sales of IRC section 1202 qualified small business stock and indicates that the holding period rules may not justify the ultimate benefits from section 1202 qualification in individual cases.

Tax Management, Small Business, Analysis, Stocks, Tax accounting, Tax planning, Securities

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Home-office tax myths discourage true tax savings

Article Abstract:

The author discusses tax benefits available upon the sale of personal residences which have been used for business purposes. Exclusion of gain under IRC section 121 and depreciation under section 280A(c) and the recapture sections are discussed.

Public Finance Activities, Tax Deductions & Exemptions, House selling, Home selling, Tax deductions, Recognition of gain or loss (Taxation), Recognized gain or loss (Taxation), Home offices, Depreciation

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Dividend alternatives free up more cash for company owners

Article Abstract:

The author explain why owners of closely-held C corporations should their receive corporate earnings in forms other than dividends, such as fringe benefits, salaries, deferred compensation, property transfers, and loans. A method for ordering dividend alternatives is proposed.

Compensation and benefits, Dividends, Executives, Executive compensation, Income tax, Close corporations, Closely held corporations

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