by Mike Baker | Jul 5, 2025
One of the biggest tax breaks in the Internal Revenue Code is qualified small business stock (QSBS). For founders, early employees, and investors, it can mean walking away from a big exit with little or no federal tax. Here’s the short version: If you invest in a...
by Mike Baker | Jul 4, 2025
Congress just passed, and President Trump signed, the One Big Beautiful Bill Act (OBBBA)—a sweeping package aimed at boosting American innovation and capital formation. Buried in the bill is Section 70431, which dramatically expands the Qualified Small Business Stock...
by Mike Baker | May 21, 2025
You have a brilliant business idea. And you can see yourself as a millionaire. But sadly, you’re frozen by the very first decision you have to make: Do you form the company as an S corp, C corp, or LLC? Today’s your lucky day. I’ll make it easy for you. If you plan on...
by Mike Baker | Apr 13, 2025
How do you pay $0 in federal tax on a gain of up to $10M or even more? By selling qualified small business stock (QSBS) that you’ve held for more than 5 years. What is even more amazing, is that the government has left it up to the taxpayer to self-report whether the...
by Mike Baker | Mar 23, 2025
There has been much action in Washington D.C. with the new administration. One of the talking points that is still in process is the “One, Big Beautiful Bill” that addresses tax reform. Sunset Provisions Under the Tax Cuts and Jobs Act (TCJA) enacted during the...
