SMALL BUSINESS STOCK AWARENESS
Tax lawyer Joshua Wu pointed to some lesser-known tax benefits available to “normal” taxpayers — for example, people who work for small companies that offer stock as part of their compensation. Recent legislation has made permanent many of the benefits associated with qualified small business stock, including a potential 100 percent exclusion from capital gains tax when the stock is sold. The stock must have been held for more than five years and issued by a “qualified small business,” which generally means that it must have less than $50 million in gross assets.
