Tax relief for sales stock of certain small business is getting renewed attention recently. Buried in the recent 13th hour tax extenders and rate adjustments passed on January 3, was the continuance of a zero tax rate on the the sale of up to $10 million of so-called Qualified Small Business Stock (“QSBS”). There are certain limitation (i.e. no more than ten times your investment or “basis” in that stock) and other qualifications. But in the end, it could be quite a sweetener for seller of a small business.
Please contact David Heath at 800 282-2440 for further details.
Also, you may read more about this in greater detail in an article written by our friends at Morrison | Foerster