Article Abstract:
Sections 1244 and 1202 of the Internal Revenue Code provide opportunities for owners of both start-up and existing businesses to claim significant tax exemptions and raise equity capital. The former provision allows owners of and investors in a C or S corporation to write off each year as much as $100,000 of a loss against their personal income. The latter provision lets owners or investors to exclude 50% of a capital gain when they sell stock in a regular or C corporation. Both these provisions can be used by business owners to solicit investments.
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Article Abstract:
Businessmen and entrepreneurs can take advantages of techniques to protect their finances from taxation and increase value of their investments by following a few important points. PS 58 income must not be overlooked since the amount of the fringe benefit may be regarded as taxable income to beneficiaries. In refinancing personal or business properties, businessmen must pay attention to the presence of mortgage extensions and the tax deductibility of interest.
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Article Abstract:
The benefits of regular reviews of retirement funds and key points to consider are explained. Due consideration should be given to the type of contribution and withdrawal, beneficiaries and taxation.
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