Tax Law Defined™ Blog
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Here Comes the Sun(set of the TCJA): Taking Advantage of the 2025 Exclusion AmountsApril 7, 2025 | Blogs
The 2017 Tax Cuts and Jobs Act (the “TCJA”) brought significant changes to the federal estate an...
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Exempt or Not? Kentucky’s Gold Bullion Tax Break MessApril 1, 2025 | Blogs
Kentucky’s gold bullion sales tax exemption was (arguably) enacted under H.B. 8 in the General Ass...
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Advanced Section 1202 (QSBS) Planning for S CorporationsMarch 18, 2025 | Qualified Small Business Stock (QSBS)
*This article was updated on March 20, 2025. Section 1202 provides for a substantial exclusion of ...
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New Local Taxes on the Menu in Kentucky? Kentucky Court Considers Constitutionality of Local Restaurant TaxFebruary 13, 2025 | Publications
Is the Kentucky General Assembly’s population-based statutory structure for permitting a city to i...
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New IRS Form Simplifies Section 83(b) Elections: What You Need to KnowFebruary 5, 2025 | Blogs
On November 7, 2024, the IRS introduced new Form 15620 (Section 83(b) Election) that a taxpayer may ...
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Health and Welfare Plan Grab BagFebruary 4, 2025 | Publications
There have been a number of legal developments in recent months, from newly passed laws to recent co...
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Finding Suitable Replacement Qualified Small Business Stock (QSBS) – A Section 1045 PrimerJanuary 29, 2025 | Tax Law Defined™ Blog
Section 1202 provides a gain exclusion when a stockholder sells qualified small business stock (QSBS...
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Guide to Converting Partnerships (LLCs/LPs) into C Corporation Issuers of QSBS – Part 2December 10, 2024 | Qualified Small Business Stock (QSBS)
Many owners operating their businesses through limited liability companies (LLCs) and limited partne...
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Guide to Converting Partnerships (LLCs/LPs) into C Corporation Issuers of QSBS – Part 1
December 10, 2024 | Qualified Small Business Stock (QSBS)
Many owners who operate their business through a limited liability company or limited partnership co...
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Maximizing Renewable Energy Financing with Taxable Municipal Bonds and IRA CreditsDecember 5, 2024 | Publications
The Inflation Reduction Act of 2022 (IRA) incentivizes investment in clean energy projects by offeri...
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Estate Tax Considerations for Business Succession Planning After ConnellyNovember 22, 2024 | Blogs
On June 6, 2024, the U.S. Supreme Court issued a unanimous decision in Connelly v. United States reg...
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Long-Awaited Publishing of Kentucky Department of Revenue Administrative Writings – Will They or Won’t They?November 6, 2024 | Blogs
While the 2024 Kentucky Legislative Session was pretty quiet on the tax reform front, there was one ...