Navigation Links
Pozzuolo Rodden, P.C., Philadelphia Business Attorneys, Announce the Release of the Article: " Can I Sell The Stock Of My Small Business And Pay Zero Federal Taxes?"
Date:3/25/2013

(PRWEB) March 25, 2013

The Law Firm of Pozzuolo Rodden P.C., announces the release of the article "Can I Sell The Stock Of My Small Business And Pay Zero Federal Taxes?" Please read the full article and other business, or estate planning topics at http://www.pozzuolo.com/Pubs_Articles.shtml

CAN I SELL THE STOCK OF MY SMALL BUSINESS AND PAY ZERO FEDERAL TAXES?

         Yes, potentially, there may be no federal tax ramifications on the sale of the stock of your incorporated family business. The American Taxpayer Relief Act of 2012 (ATRA), passed into law in January 2013, extends some previously enacted tax benefits for small business owners. A noted benefit is the exclusion from gain on the sale of qualified small business stock (QSB stock). Generally, individual taxpayers were permitted to exclude a percentage of the capital gain from the sale or exchange of qualified small business tock. Initially, the exclusion worked only for 50% of the gain. In recent years, the percentage of gain excluded from tax has steadily increased from 50% to 75% to 100%. ATRA maintains the exclusion at a 100% rate. Therefore, an individual taxpayer who sells his qualified small business stock will be able to exclude the entire gain from the sale of the stock. Also, the excluded gain remains a nonpreference item for alternative minimum tax (AMT).

  •      The 100% exclusion related to QSB stock acquired after September 27, 2010 and before January 1, 2014
  •     The investor must generally hold the QSB stock for five years
  •     Generally, the stock must be acquired by the investor at original issuance
  •     The small business may not have gross assets of $50 million or more at issuance of the stock
  •     The stock must be stock in a “C” corporation
  •     The amount of gain that is eligible for exclusion under this provision is equal to the greater of (a) 10 times the investor’s basis in the stock or (b) $10 million.

Other limitations may apply and special rules apply for stock acquired in exchange for property.

The idea behind the exclusion is to promote investment in small businesses that qualify for the beneficial tax treatment. Furthermore, for those considering starting their own business, it may be a wise idea to acquire qualified small business stock during 2013 to secure the benefit of the Act.

If you would like to read this and other business or estate planning topics please visit our web site at http://www.pozzuolo.com/Pubs_Articles.shtml

Pozzuolo Rodden, P.C. provides specialized cost-effective legal services to privately held business owners and high-net-worth clients in Pennsylvania and New Jersey in excess of 35 years.

Practice Areas:

Business planning and transaction, complex business litigation, commercial real estate and development, construction law and litigation, advanced estate planning and administration, tax and pension law, high profile and intricate family litigation, and employment law and litigation.

Pozzuolo Rodden, P.C.
Counselors at Law
2033 Walnut Street
Philadelphia, PA 19103
215-977-8200

Read the full story at http://www.prweb.com/releases/2013/3/prweb10547054.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Pozzuolo Rodden PC, Philadelphia Estate Planning Attorneys, Announce the Release of the Article "How To Use A Trust To Protect Your Children's Inheritance From Divorce"
2. Pozzuolo Rodden, P.C., Philadelphia Business Planning Attorneys, Announce the Release of "IRS Reaffirms Its Commitment To Expand The Audits Of High Net Worth Individuals"
3. Ancient Native Remedy: Healing with Clay prescribed as Powerful Medicine: Zion Health's Clay Bath Detox Minerals now Available at Weaver’s Way Co-op in Philadelphia
4. Maiden Media Group Certified as Minority Business Enterprise in Philadelphia
5. Intervention Associates, Philadelphia Area Quaker Care Management and Guardianship Organization, Spins Off Direct Home Care Company
6. Quorn Foods Inc. Comments on an Article Regarding a Year in Review for Philadelphia’s Meatless Meals and the Restaurants That Serve Them
7. Philadelphia Malpractice Lawyers at Console & Hollawell Explore Negligence as Overdoses from Prescription Painkillers Now Kill More People than Heroin
8. Honda Issues Recall of 800K Vehicles, Philadelphia Attorneys at Console & Hollawell Warn Consumers of Their Potential Risks
9. People in crowdsourcing challenge find defibrillators in Philadelphia
10. Avid Collector Seeks Jimi Hendrix 1968 Electric Factory Philadelphia Concert Poster
11. Townsend Security Releases Short, Easy to Understand Data Privacy Videos for Business Leaders
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... ... May 25, 2016 , ... Conrad Siegel ... Medical and Prescription Drug survey , an employee benefits survey ... was conducted in December 2015, indicates that employers are turning to consumer directed ...
(Date:5/25/2016)... Francisco, CA (PRWEB) , ... May 25, 2016 , ... For more than fifty years, ... en masse, we changed our diets to conform to the latest nutritional advice – advice ... According to the NIH, more than 2 in 3 American adults are considered to be ...
(Date:5/25/2016)... ... May 25, 2016 , ... BeniComp Insurance Company, ... spike in their clients' employee participation for their wellness initiatives. BeniComp clients ... a high-deductible health plan with outcome-based deductible incentives. As a result, BeniComp clients ...
(Date:5/25/2016)... ... May 25, 2016 , ... First Choice Emergency Room ... Dr. Anh Tat Nguyen, as the Medical Director of its new DeSoto facility. ... of our new DeSoto location,” said Dr. James M. Muzzarelli, Executive Medical Director of ...
(Date:5/25/2016)... ... May 25, 2016 , ... ... popular demand for minimally invasive, endoscopic spine surgeries in the Montgomery County, Howard ... seeing patients in the Germantown office of American Spine every Monday. He will ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... 23, 2016 According to ... Market by Product (Wheelchair, Scooters, Medical Beds, Bathroom ... Critical Care, Wound), Accessories (Lifting, Transfer) & by ... published by MarketsandMarkets, the patient handling equipment market ... 2021 at a CAGR of 10.5% during the ...
(Date:5/23/2016)... NEW YORK , May 23, 2016 /PRNewswire/ ... Mass Spectrometry Market Size, Share, Development, Growth and ... Platform (Hybrid, Single and Other), by Application (Drug ... Others), by End Users (Pharmaceuticals, Life Science and ... Published by P&S Market Research, the global ...
(Date:5/23/2016)... , UAE, May 23, 2016 ... importance of Precision Medicine and the role of ...   The First International Conference of VPS-Penn ... the distinguished patronage and presence of Sheikh Nahyan bin Mubarak ... focused in Precision Medicine, which helps provide personalized medicine and ...
Breaking Medicine Technology: