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January 28, 2016

 
Frazer LLP
 
 

Hi There!,

By purchasing stock in certain small businesses, you can not only diversify your portfolio but also enjoy preferential tax treatment. And under a provision of the tax extenders act signed into law this past December (the PATH Act), such stock is now even more attractive from a tax perspective.

100% exclusion from gain

The PATH Act makes permanent the exclusion of 100% of the gain on the sale or exchange of qualified small business (QSB) stock acquired and held for more than five years. The 100% exclusion is available for QSB stock acquired after September 27, 2010. (Smaller exclusions are available for QSB stock acquired earlier.)

The act also permanently extends the rule that eliminates QSB stock gain as a preference item for alternative minimum tax (AMT) purposes.

What stock qualifies?

A QSB is generally a domestic C corporation that has gross assets of no more than $50 million at any time (including when the stock is issued) and uses at least 80% of its assets in an active trade or business.

Many factors to consider

Of course tax consequences are only one of the many factors that should be considered before making an investment. Also, keep in mind that the tax benefits discussed here are subject to additional requirements and limits. Consult us for more details.


Questions about this or other PATH Act breaks that might help you save taxes on your 2015 tax return? Contact us in Brea, 714.990.1040 or Visalia, 559.732.4135, or click the button below to schedule an appointment. We can help you identify which tax breaks will provide you the maximum benefit.

Schedule An Appointment


 
 
 
 
Construction financial statements  
{Complimentary Download} What Story Does Your Financial Statement Tell About Your Construction Business?

How do you view your construction company’s financial statements? Are they simply the history of your financial performance, only useful for seeing where your company has been? Or, are they valuable to your company’s future? Though your company’s financial statements present past performance, they are the primary tool your surety and bank use to extend the credit you need to drive your future endeavors. Download our complimentary ebook for the top three improvements your bank and surety want to see.



2015_Web_Tax_Guide-resized.jpg
 
Online Tax Planning Guide

The passing of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) makes various expired tax provisions permanent and extends other expired provisions for up to five years. This makes tax planning more important than ever. To save the most, you need to not only take advantage of every tax break you’re entitled but also be prepared to act quickly if tax legislation is signed into law. This is exactly what our Tax Planning Guide is designed to help you do.

As you look through the guide, please note the strategies and tax law provisions that apply to your situation or that you would like to know more about. Then, call your Frazer LLP tax advisor with any questions you may have about these or other tax matters or click the button below.

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Frazer LLP | 135 S. State College Blvd., Brea, CA
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