Tax Law Defined™ Blog
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Ohio Tax Talk: Ensuring A Nonprofit’s Property Tax Exemption
April 9, 2021 | Blogs
Like the federal government and other states, Ohio grants nonprofit organizations the benefit of cer...
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Change Please: A Tax Practitioner’s Guide to F Reorganizations
April 5, 2021 | Blogs
The choice of entity decision is a critical step in every company’s life cycle. At its onset, a bu...
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IRS Announcement 2021-7: PPE as Qualified Medical Expense
April 1, 2021 | Blogs
In Announcement 2021-7 issued on March 26, 2021, the IRS announced that amounts paid for personal pr...
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Kentucky Poised To Be National Cryptomining Leader With New Tax Legislation
March 29, 2021 | Blogs
Kentucky has long been considered a national leader in the manufacturing industry given its low cost...
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Exploring the Benefits of the Corporate Freeze Transaction
March 24, 2021 | Blogs
Synopsis The distribution of a C corporation’s assets to its shareholders often triggers a hea...
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West Virginia Governor’s Proposed Personal Income Tax Reduction
March 17, 2021 | Blogs
In his 2021 State of the State Address, West Virginia Governor Jim Justice proposed a repeal of the ...
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Kentucky Tax Talk: Important Bills To Watch This Session
March 17, 2021 | Blogs
With a shorter than usual legislative session, an outstanding budget for the 2022 fiscal year, and s...
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How Section 1202’s $50 Million Aggregate Gross Assets Limitation Works
March 17, 2021 | Blogs
During the past several years, there has been a marked increase across the country in the use of C c...
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IRS Finalizes Its Section 1061 Carried Interest Regulations
March 10, 2021 | Blogs
On January 13, 2021, the IRS posted final Treasury Regulations for Section 1061 of the Internal Reve...
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Dealing With Section 1061’s Three Year Holding Period Requirement for Carried Interests
March 10, 2021 | Blogs
Hedge fund, private equity and real estate professionals are often compensated through the grant of ...
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New Mandatory Electronic Filing in Kentucky – Benefit or Burden?
March 5, 2021 | Blogs
In the wake of the COVID-19 pandemic, many businesses and government agencies have made changes to a...
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Can Convertible Debt or SAFEs Qualify as QSBS for Section 1202’s Gain Exclusion?
February 22, 2021 | Blogs
Only the issuance of “stock” triggers the running of Section 1202’s five-year hold...
