by Bruce E. Bell | Feb 2, 2019 | Bruce E. Bell, Tax Corner
Question: I am contemplating purchasing an interest in a limited liability company as an investment. What tax consequences if any I should be concerned with?Answer: Various tax issues must be addressed in connection with the purchase of an interest...
by Bruce E. Bell | Jan 3, 2019 | Bruce E. Bell, Tax Corner
Question: Under the new tax law, can I deduct 20% of my S corporation income?Answer: The 2017 Tax Cut and Jobs Act entitles owners of S corporations, partnerships, limited liability companies and sole proprietorships to a deduction on their personal income tax returns...
by Bruce E. Bell | Dec 3, 2018 | Bruce E. Bell, Tax Corner
Question: Can you provide some guidance from a tax perspective to my business partner and I on the best structure for a new business we are starting?Answer: The myriad of factors that must be considered in choosing the proper business structure...
by Bruce E. Bell | Nov 1, 2018 | Bruce E. Bell, Tax Corner
Question: My S corporation, previously a C corporation, has historically received rental income from a real estate property. Now that the company’s operating business has been sold, can the S corporation passive income tax on rental income be...
by Bruce E. Bell | Oct 1, 2018 | Bruce E. Bell, Tax Corner
Question: I am selling the stock of my small, closely-held corporation. What must I do to exclude the gain from taxation?Answer: Gain on the sale of small business stock by a non-corporate taxpayer can be excluded in whole or in part from the taxpayer’s income...
by Bruce E. Bell | Sep 4, 2018 | Bruce E. Bell, Tax Corner
Question: I was granted incentive stock options and non-qualified stock options from my company prior to the time the company went public. Can you explain the tax consequences and whether I am better off buying and holding the stock or doing cashless...
