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Tax Law for the Closely Held Business

Legal Updates & Commentary for Tax & Estate Planning

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Sale of a Business and Qualified Opportunity Funds: Deferral, Exclusion, and . . . Risk?

Photo of Lou Vlahos
By Lou Vlahos on February 5, 2019
Posted in Federal Tax Issues

A lot has been written about the tax benefits of investing in a Qualified Opportunity Fund. Some have suggested that the gain from the sale of a closely held business may be invested in such a fund in order to defer the recognition of this gain and to shelter some of the appreciation thereon.

In…

Capital Gain or Ordinary Income? Establishing Intent

Photo of Lou Vlahos
By Lou Vlahos on February 26, 2018
Posted in Federal Tax Issues

Last week’s post considered the risk assumed by a taxpayer that ignores the plain meaning of a Code provision (the definition of “capital asset”) in favor of a more “rational” – favorable? – interpretation of that provision.

capital assets

This week’s post considers the “plain meaning” of the same section of the Code: the definition of the…

Events

  • On Demand Webcast: Ownership Transfers of Closely Held Businesses
  • On Demand Webcast: Managing Different Shareholder Constituencies in the Private Company Sale
  • On Demand Webinar: Liquidity Options for the Closely Held Business
  • On Demand Webcast: Estate Planning for Business Owners and High Net Worth Families Under the New Tax Law
  • Exit Planning for the Family Owned Business – On Demand Expert Webcast
  • What Business Owners Need to Know About Successfully Transitioning Their Company – On Demand Expert Webcast
  • Tax Considerations in M&A for Buyers and Sellers – On Demand Expert Webcast
  • On Demand Webcast: The New Section 199a Qualified Business Deduction: Opportunities and Stumbling Blocks for Your Business
  • On Demand Webcast: Maximizing Proceeds in Private Company Exits: ESOPs and Other Alternatives
  • On Demand Webcast: Qualified Opportunity Zones
  • "Business Purpose" And Dividing The Family Corporation: Think Before You Let it Rip
  • Selling Your Business – Watch Out For Effect On 199A Pass-Through Deduction
  • On Demand Webcast: Opportunity Zones — Tax Planning for Closely Held Businesses
  • Equitable Industrial Business Development Initiative: Business Breakfast on Business Ownership Transfer and Continuity Planning

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