Business Tax Law covers the federal, state, and local tax rules that apply to businesses, including entity selection and structuring, income and payroll taxes, deductions and credits, sales and use tax, and compliance requirements. It also addresses tax planning, audits and disputes, reporting obligations, and the tax implications of transactions such as mergers, acquisitions, and reorganizations.
If you meet IRC §1202’s QSBS rules, you can exclude up to 100% of gain—capped at the greater of $10 million or 10× your basis—when you sell eligible C‑corp stock in 2026. The exclusion is powerful but technical, and small missteps in entity structure, assets, redemptions, or holding period can destroy eligibility. This article explains […]
An S corporation is a corporation that elects IRS “S” status so profits and losses pass through to shareholders and are taxed once at individual rates. It offers corporate limited liability while avoiding C corporation double taxation if eligibility rules are met. This article explains S corp basics, taxation, requirements, and key pros/cons. Understanding S […]
