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Sections 1202, 1244 & Installment Sales On-Demand

Topics include an in-depth analysis of the 100/75/50% exclusion of gain under section 1202 for qualified small business stock, with additional attention paid to the specific (and unclear) treatment in MA, the status of 1202 in the draft legislation, along with the...

Is it a trade or business? Or a hobby or investment?

Whether a revenue-generating activity constitutes a trade or business is usually straightforward — until it isn't. The most common confusion on this issue occurs around hobbies that generate revenue and investments that contain a degree of personal involvement. Many...

The rules on interest for loans between related parties

One of the more confusing aspects of taxation is the federal mandate for a business to charge interest on loans to or from its owners. This is primarily targeted at corporation/shareholder loans but can affect other business entities as well. Given current interest...

COVID-19 Relief Bill Update

To our Valued Clients and Associates, At long last, the House and Senate have agreed to a second significant stimulus package.  We will highlight some of the more salient points from the over 5,500-page bill.  As is with most government bills, there is a lot...