To QSB or not to QSB?
Todd D Mayo explains the tax advantages available in the US to shareholders of qualified small business stock
Key points
What is the issue?
For US income tax purposes, a shareholder of qualified small business (QSB) stock may be able to defer or exclude gain upon the sale or disposition of the stock.
What does it mean for me?
Practitioners may wish to explore opportunities to structure or restructure their clients’ businesses so they qualify for the tax benefits of QSB stock, and they may wish to explore strategies for enhancing the potential tax savings.
What can I take away?
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