In a TaxNotes article from April 10, 2023, Nathaniel S. Pollock of SouthBank Legal examines recent litigation involving QSBS and notes that the case may be the "tip of the QSBS litigation iceberg". To date, QSBS litigation and other rulings have been limited to few cases, a handful … Read More
The House Ways and Means Committee released former President Donald Trump’s tax returns for 2015 – 2020 on December 30, 2022 - see the returns in the Attachment E link here. We wondered whether Trump claimed QSBS on any investment gains during these years? Where to look? … Read More
I consider Qualified Small Business Stock (QSBS) to be an example of the government utilizing tax policy wisely – to help spur economic growth and drive innovation. It therefore came as a shock when in late 2021 the Build Back Better Act proposed a curtailment to QSBS. … Read More
Qualified Small Business Stock incentivizes innovation by providing up to 100% capital gains tax savings if certain requirements are met by both the shareholder and the issuing corporation. Use this checklist to see if you or your client’s stock meets the core eligibility criteria. Read More