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...
