JACKSON, Miss. (AP) — A longtime Mississippi lawmaker was sentenced Monday to two years of probation and has already paid nearly $85,000 in restitution, months after he pleaded guilty to a federal charge of willfully making a false statement on a tax return. Democratic Rep. Earle Banks of Jackson was sentenced Monday by U.S. District Judge Carlton […]
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/PRNewswire/ In newly released surveys by the Journal of Accountancy (JOA) and National Association of Tax Professionals (NATP), users gave Drake Software.
If you own stock that meets the qualified small business stock (QSBS) rules, up to 100% of the gain on the sale of the shares is tax-free. Many federal tax laws were enacted by Congress to help encourage taxpayers to take certain actions, such as donating to charity (to ease the burden of government) or buying a house (to help the real estate market). Such is the case with the tax break for qualified small business stock, or QSBS. Congress wanted to encourage people to create and invest in start