Taxation

Below are links to blog posts and other related content:

Selling a Business: Stock Sale v. Asset Sale

When a business is sold, the actual sale often occurs via one of two forms, either as a stock sale or as an asset sale. In general, sellers often prefer stock sales while buyers often prefer asset sales.

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2014 Tax Extender Bill Passed By Congress

Some of the provisions that were extended retroactively include higher Section 179 expense limits, tax-free distributions from IRAs for charitable purposes, the Work Oppurtunity Tax Credit, and deductions for mortgage interest premiums.

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What is a Family Limited Partnership?

A family limited partnership, or FLP, can allow a taxpayer to leverage two federal tax devices in conjunction with a technique known as “discounting” in order to reduce the amount of federal tax imposed at the time of that person’s death.

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Congressional Committee Approves Permanent Bonus Depreciation & Charity Bills

The House Ways and Means Committee approved legislation to make bonus depreciation permanent, as well as a number of tax measures related to charitable giving.

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Substantial Presence Test & Closer Connection Exception

Those people who would otherwise be characterized as resident aliens pursuant to the Substantial Presence Test, who think they qualify for the Closer Connection exception, can file Form 8840 with the I.R.S.

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