Tax Law Defined™ Blog
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Tax Distributions for Pass-Through Entity OwnersOctober 14, 2021 | Blogs
Tax distributions provided for in a shareholder agreement of an S Corporation or in an operating agr...
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Ohio Tax Talk: Ohio’s Bite of Apple Turns Out To Be SourOctober 12, 2021 | Blogs
With a market cap of $2.4 trillion and revenue of $275 billion in 2020, Apple, Inc. (“Apple”) is...
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Ohio Tax Talk: Lessons From Apple Commercial Activity AuditOctober 7, 2021 | Blogs
This article was originally published in Law360 Tax Authority. With a market cap of $2.4 trillion a...
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A SPAC Merger Primer for Holders of Qualified Small Business StockSeptember 30, 2021 | Qualified Small Business Stock (QSBS)
The number of private companies electing to go public through a transaction (referred to in this art...
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Transfers “At Death” of Qualified Small Business StockSeptember 29, 2021 | Qualified Small Business Stock (QSBS)
This article addresses the consequences of “transfers at death” of qualified small business stoc...
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Fraud – Continuing to Pull Back the Curtain on Federal Relief AbusesSeptember 27, 2021 | Blogs
On August 31, 2021, the Pandemic Response Accountability Committee (PRAC) released its report detail...
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Congress Proposes Legislation Limiting Section 1202’s Gain ExclusionSeptember 16, 2021 | Blogs
When Congress enacted Section 1202, it noted that the gain exclusion was intended to “encourag...
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Between the Hashes: Developments in State Taxation and Incentives for CryptominingSeptember 13, 2021 | Blogs
While the boom of cryptocurrency in the United States has led to several developments and changes to...
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Claiming an Ordinary Loss Under Section 1244 for an Investment in a Failed Start-upSeptember 3, 2021 | Qualified Small Business Stock (QSBS)
Congress enacted Section 1202[i] based on the premise that the possibility of a $10 million gain exc...
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The Role of the Business Purpose Doctrine in Transaction Planning Involving Qualified Small Business StockSeptember 3, 2021 | Qualified Small Business Stock (QSBS)
This article addresses the importance of having bona fide (non-federal income tax) business and pers...
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DOL Issues FAQs on Lifetime Income Illustrations | Fiduciary Focus SeriesSeptember 2, 2021 | Publications
The Department of Labor (DOL) issued “temporary implementing FAQs” on July 26, 2021. The FAQs cl...
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Kentucky Tax Talk: Confusion Over Manufacturing ExemptionsSeptember 2, 2021 | Blogs
This article was originally published in Law360 Tax Authority. Kentucky’s sales and use tax e...