Tag Archives: QSB

Sometimes, Pigs Do Fly (California Repeals FTB’s QSB Tax Grab)

Posted on October 6, 2013 by Russ

I look out the window of my office, and I saw the pig that flies: [The Flying Pig is via a Creative Commons license, from Wikipedia. And, no, I didn’t see one flying by my office in Las Vegas.] California … Continue reading →

Posted in California | Tagged , | Comments Off on Sometimes, Pigs Do Fly (California Repeals FTB’s QSB Tax Grab)

Two QSB Relief Bills on Governor Brown’s Desk

Posted on September 15, 2013 by Russ

The California legislature heard from business owners, and the business owners were angry. Their anger had to do with how California’s Franchise Tax Board decided to implement a court decision on Qualified Small Business Stock. The FTB decided that the … Continue reading →

Posted in California | Tagged | Comments Off on Two QSB Relief Bills on Governor Brown’s Desk

News From California Regarding QSBS

Posted on February 28, 2013 by Russ

Two pieces of news out of California regarding the Qualified Small Business Stock situation. For those who aren’t aware, a court last year ruled that California couldn’t discriminate against out-of-state Qualified Small Business Stock (QSB). The Franchise Tax Board interpreted … Continue reading →

Posted in California | Tagged , | Comments Off on News From California Regarding QSBS

Entrepreneur Rant on FTB’s Retroactive QSB Ruling

Posted on January 15, 2013 by Russ

Back in December, I reported on how the Franchise Tax Board (California’s income tax agency) would interpret the Cutter decision. I didn’t spend much time on it, as the subject of Qualified Small Business stock (QSB) doesn’t impact many of … Continue reading →

Posted in California | Tagged , , | Comments Off on Entrepreneur Rant on FTB’s Retroactive QSB Ruling

FTB Announces Procedures for Cutler Decision

Posted on December 21, 2012 by Russ

Back in August, a California court ruled that California’s qualified small business stock exclusion and deferral statutes were unconstitutional. The Franchise Tax Board, California’s income tax agency, announced how it will implement the decision today. For individuals who took the … Continue reading →

Posted in California | Tagged | Comments Off on FTB Announces Procedures for Cutler Decision

Court Rules that California Can’t Discriminate on Small Business Stock Tax Deferrals

Posted on August 30, 2012 by Russ

If you sell stock in a small business (one with $50 million of assets or less), and then take the proceeds and reinvest them within 60 days in another small business, you can defer the gain. California law has a … Continue reading →

Posted in California | Tagged , | Comments Off on Court Rules that California Can’t Discriminate on Small Business Stock Tax Deferrals