By Jacquelyn Dunne[1] and Rachel Partain
Qualified Small Business Stock (“QSBS”) is a valuable tax incentive available to founders, investors, and employees of startups. Section 1202 permits shareholders to exclude from income certain long-term capital gains from the sale
Individuals and businesses struggled during COVID, and many were unable to keep up with their tax obligations. Thanks to a federal court decision in Kwong v. United States, taxpayers may be able to obtain refunds or penalty abatements for IRS
Employee discount programs are a popular way to reward and retain talent. In some industries, such as veterinary and medspa, offering a discount program is expected. Whether the business provides services, sells products, or both, offering employees a reduced price
An IRS examination is an administrative process in which the IRS evaluates a tax return for the taxpayer’s reported positions, determines whether the underlying facts support those positions, and decides whether to propose adjustments. Understanding the IRS examination process from
