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Roger Royse

Roger Royse’s Legal Guides

6 total

  • The 100% Qualified Small Business Stock Exclusion

    In a little noted but hugely significant provision of the American Taxpayer Relief Act of 2012 (ATRA), Congress has extended the 100% exclusion from tax for gains from the sale of Qualified Small Business Stock (QSBS) held for more than 5 years. Although it seems to have come as ...

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  • Doing Business in California

    This Legal Guide reviews Californias rules requiring out of state companies to qualify, file tax returns, and pay tax in California. I. IMPORTANT TERMS Business organizations incorporated or organized in California must file tax returns with the Franchise Tax Board.In addition...

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  • California Court Rules in Favor of MultiState Businesses

    The California Court of Appeal held on July 24, 2012 that California may not require multistate taxpayers the use of an equal-weighted apportionment formula for calculating income tax liability. In view of this decision, multi-state taxpayers may consider seeking a refund of Cali...

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  • FATCA Marches On

    Big changes are coming in the area of reporting of transactions with foreign entities. While much has already been said about the impact on foreign financial institutions of the Foreign Account Tax Compliance Act (FATCA), many venture and private equity funds as well as foreign o...

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  • Tax Extension of QSBS Exclusion

    The Small Business Jobs Act of 2010 (SBJA 2010) provides for an exclusion of 100% of the gain realized on the sale of certain qualified small business stock (QSBS) held for at least five years, if such QSBS is acquired or issued between September 27, 2010 and January 1, 2011. Pro...

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  • Small Business Jobs and Credit Act of 2010

    On September 27, 2010 the President signed the Small Business Jobs and Credit Act of 2010 (the "Act") into law. The Act provides for more than $40 billion worth of tax benefits aimed to support economic growth among small businesses. In summary, the Act provides - 1.Increased d...

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