In an article penned by tax experts Benjamin M. Willis and Ryan J. Dobens which quickly created a buzz, the authors predict the House’s version of Biden’s Build Back Better Act will not likely make it past the Senate in its current form. Section 138149 of the Build … Read More
Many people believe Biden’s Tax Plan will only affect the wealthiest of America; however, many others will be directly impacted. One of these classes of individuals, that will be affected by the tax plan, is the employees of Startups—America’s backbone of economic innovation. The lawmakers behind this … Read More
The Build Back Better Act (BBBA) and the proposed amendment to QSBS are threatening the way current small businesses are operating today, and those who invest in these businesses are equally concerned. Among them are angel investors who fund a large percentage of small businesses as collective … Read More
We continue to evaluate the impacts to QSBS as Congress works through updating the Build Back Better Act (the "BBBA"). The most recent update released on 11/3/2021 (available here) includes the same QSBS amendment introduced in September, however it alters some of the related tax code provisions involving … Read More
Members of Carta might see a QSBS badge indicator the next time they log into their account. While new features are always exciting, you might be scratching your head and asking yourself -- what does this QSBS tag indicate? The tag is meant to help shareholders identify if … Read More
On October 28, 2021 President Biden laid out his case for a scaled back version of the originally proposed $3.5T Build Back Better Act, reducing the cost to $1.75T. The bill includes various tax reforms to generate the $1.75T needed, including the following: (President Biden Announces the Build Back … Read More
Originally designed to encourage investors to help the disadvantaged, the Tax Cuts and Jobs Act was signed into law in 2017. With this law came the creation of Opportunity Zones (OZ), socioeconomic locations identified by the government and designated for new business development with the intention of … Read More
United States Tax Court, No. 2917-63, July 23, 1965 Key QSBS Takeaways: In Bardahl Mfg. Corp. v. Commissioner, the United States Tax Court contended that Bardahl Corporation avoided "the imposition of individual income tax on its shareholders, by permitting its earnings and profits to accumulate instead of being … Read More
As the Build Back Better Act Amendments (BBBA) continue to threaten the QSBS tax incentive, the potential repercussions are causing many founders to voice concern about the direct impact these changes would have on them, their fellow employees and their shareholders. Originally designed to invigorate the economy and … Read More
Where Can You Follow Along? CapGains, Inc, alongside our subsidiary QSBS Expert, has brought our subscribers the latest news on the top stories surrounding tax incentives. Most recently, that has meant bringing our audience real-time updates on the Build Back Better Act proposed amendments to QSBS. QSBS Expert Our LinkedIn profile … Read More