Key Provisions of the “One Big Beautiful Bill Act” On July 4, 2025, Congress passed the One Big Beautiful Bill Act, a comprehensive tax and estate law. It makes permanent several popular tax provisions first introduced in the Tax Cuts and Jobs Act (TCJA), adds...
June 24, 2025 Internal Revenue Code Section 1202: The Qualified Small Business Stock (QSBS) Exclusion Internal Revenue Code Section (“Code”) 1202 is a highly attractive tax incentive designed to encourage investment in small, growing businesses. It...
IRC 1031 Like-kind exchange By: Barry E. Haimo, Esq. June 19, 2025 What is a 1031 Like-Kind Exchange? At its core, a 1031 exchange, named after Section 1031 of the Internal Revenue Code, allows you to defer capital gains taxes and recapture and depreciation taxes when...
If you are a small business owner, you are likely to own your business through a business entity such as a corporation or limited liability company (LLC). You might also choose to have your business entity taxed as an S corporation. First, what is an S corporation?...
Updated 9.15.25 After executing your documents and successfully implementing the plan, you are done — at least well for a while. Remember, estate planning and estate planning documents create a flexible framework to help navigate life’s uncertainties. As...
Your Guide to Estate Planning for Small Business Owners By: Barry E. Haimo, Esq. February 11, 2021 As a small business owner in Florida, you wear an infinite number of hats in any given week. Throw in the unprecedented challenges you probably faced in the last year,...
