Time to Consider Section 1202 Stock
By EsqSocial Corporation 30/06/21
As widely discussed, the Treasury Department released “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” which includes a potential increase in the long-term capital gains rates for taxpayers meeting certain annual income thresholds. Although the outcome of this tax proposal is unclear, taxpayers should consider taking advantage of the favorable tax treatment of qualified business stock (QSBS) under Section 1202. Section 1202 provides a framework for preexisting...
By: Troutman Pepper