Tax Law Defined™ Blog
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Hey, What About the Free Rivers Doctrine?August 27, 2025 | Publications
Many states, particularly Kentucky, impose tax upon commercial inland watercraft vessels, oftentimes...
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Shifting Ground: How IRS Notice 2025-42 Redefines When Construction Begins for Applicable Wind and Solar FacilitiesAugust 25, 2025 | Presidential Administration Impacts
On August 15, 2025, the Internal Revenue Service (IRS) released Notice 2025-42, consistent with Pres...
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Businesses Using Passthrough Entities Win Big in Trump Tax BillAugust 20, 2025 | In the News
Frost Brown Todd’s Mark F. Sommer, Elizabeth M. Ethington, and Kenneth Schwalbert Jr. authored...
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OBBBA Delivers Significant Benefits to High-Net-Worth IndividualsAugust 20, 2025 | Presidential Administration Impacts
In my practice as part of our firm’s Wealth Planning and Family Office group, I work with many hig...
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A Slow Legislative Session in KentuckyAugust 18, 2025 | Publications
As we enter the dog days of summer, a number of tax changes have taken effect in Kentucky, with more...
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Corporations Are Eligible to Issue Qualified Small Business Stock (QSBS) Only if They Satisfy Section 1202’s “Aggregate Gross Assets” TestAugust 11, 2025 | Presidential Administration Impacts
Section 1202 permits a taxpayer to claim a gain exclusion in connection with the sale or exchange (i...
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Section 1202 and QSBS: A Survey of States That Don’t Conform to the Federal TreatmentAugust 8, 2025 | Presidential Administration Impacts
Section 1202 of the Internal Revenue Code provides a capital gains exclusion for certain qualified s...
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Exploring Section 1202’s Active Business RequirementAugust 5, 2025 | Qualified Small Business Stock (QSBS)
Section 1202 provides an exclusion from capital gains when a stockholder sells qualified small busin...
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Exploring the Role of Partnerships in Qualified Small Business Stock (QSBS) PlanningAugust 2, 2025 | Presidential Administration Impacts
Section 1202 provides an exclusion from capital gains when a stockholder sells qualified small busin...
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PTET Already Making Waves? Indiana Releases Updated Guidance in Wake of One Big Beautiful Bill ActJuly 30, 2025 | Presidential Administration Impacts
The One Big Beautiful Bill Act (OBBBA) has changed the game in the world of tax with respect to many...
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West Virginia Office of Tax Appeals Holds for Out-of-State Methanol Marketer in Motor Fuel Excise Tax CaseJuly 30, 2025 | Blogs
The West Virginia Office of Tax Appeal recently held in favor of a methanol marketing company, vacat...
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Maximizing Section 1202’s Gain ExclusionJuly 25, 2025 | Qualified Small Business Stock (QSBS)
Section 1202 permits a taxpayer to claim a gain exclusion in connection with the sale or exchange (i...