Tax Law

Recent Posts

California Taxpayers Whipsawed!
Posted on 26 Mar 2013 by Deanne Morton

QSBS Exclusion, Deferral Statutes Unconstitutional In August 2012, California's Second District Court of Appeal determined that the "qualified small business stock" (QSBS) exclusion and deferral statutes were unconstitutional. See Cal... Read More

Tags: Commerce Clause , tax law , State Taxation , qualified small business stock

Obama Proposes to Make Small Business Stock Exclusion Permanent
Posted on 3 Feb 2011 by Matthew Kaden

The Obama administration announced on January 31, 2011 that the President's 2012 budget plan will include a proposal to make permanent the 100% exclusion from tax on capital gains from the sale or exchange of qualified small business stock... To qualify... Read More

Tags: aggregate gross assets , qualified small business stock

To Encourage Investment, Small Business Jobs Act Includes Short-Term Full Exclusion from Gross Income of Gain from QSBS
Posted on 8 Nov 2010 by Pepper Hamilton LLP

By Julia D. Corelli and Laura D. Warren On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (H.R. 5297), which included among many other provisions, a short-term 100 percent exclusion (subject to per... Read More

Tags: gross income , exclusion , Small Business Jobs Act of 2010 , qualified small business stock