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QSBS Attestation Letters

QSBS Attestation Letters

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...
Upcoming Tax Reform

Upcoming Tax Reform

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...
Valid 409A Needed to Exercise?

Valid 409A Needed to Exercise?

Have you noticed that Carta won’t let your optionholders exercise unless you have a current tax code Section 409A valuation (which Carta allows to be board determined as a stop gap if the company is in the process of a financing or some other material event...
Year-End Tax Moves

Year-End Tax Moves

You have three months left in 2024. There’s still time to save yourself some tax. Here are ten ideas: 1. Do you own or run a company that is a cash basis taxpayer? Consider paying all outstanding invoices by December 31, so you can take the deductions this year. Reach...
FF Stock

FF Stock

I’ve always thought FF stock was pretty creative.  And with the secondary purchase plus “magical” exchange structure losing favor, perhaps it’s time to give FF stock another look.  What is FF stock? Founders start a company. They grow it successfully for several years...
QSBS – 10x Basis

QSBS – 10x Basis

If you’re an entrepreneur you’ve no doubt heard from a buddy about qualified small business stock (“QSBS”). QSBS is stock in a C corporation that if held for more than five years can result in a 0% federal tax rate on a significant amount of gain. See here for more...