Baker Tax Law
We support executives and emerging companies
Need a corporate attorney? We partner with corporate law firms
Practice Areas
Tax Law
We provide tax advice and planning for companies and individuals on a wide range of federal tax issues
Employee Benefits & Compensation
We help companies to structure benefit programs and to comply with the laws governing compensation
Employment
We help executives negotiate their employment, equity compensation, and separation packages
Recent Posts
Section 174 Expensing
Certain recent changes to tax code Section 174 may negatively affect companies that have research and development (R&D) expenses. Here’s the basic problem: If in 2023 you spent $1M to make $1.2M then you have $200K of profit. If we lived in a perfect world, you...
Section 351
Let's say you have some intellectual property (IP) that you'd like to give to a corporation in exchange for shares of its common stock. The IP and stock are both worth $10,000 and you have tax basis in the IP of $800. Normally such an exchange would trigger $9,200 of...
Form 1099-NEC and Legal Services
It's 1099 season. For those of you who paid a law firm for legal services this year, here are three tips: 1. Payment for legal services goes in box 1 of Form 1099-NEC. Do not use Form 1099-MISC. Form 1099-MISC box 10 "Gross proceeds paid to any attorney" is for when...
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