A client alert by Philadelphia partner Stephen Hamilton was republished by BNA Tax & Accounting.
The article, titled “Capital Gains Exclusion for Small Business Stock Held for More Than Five Years,” discusses the capital gains tax exemption for certain small business stock held for more than five years. The recent “fiscal cliff” tax legislation extended the benefit of that exemption to cover shares issued through the end of 2013.
The article outlines the statutory tests relevant to the exemption and provides insight and commentary.
To read the article, click here.