Recent tax legislation reflects a federal focus on encouraging risk-taking and innovation through generous, often permanent ...

As part of the newly enacted One Big Beautiful Bill Act (the OBBBA),[1] Congress adopted the first substantive amendments to Section 1202[2]–which prescribes the qualified small business stock (QSBS) ...

The Internal Revenue Code (“IRC”) § 1202 provides for an exclusion from gain on the sale of qualified small business stock (“QSBS”), up to $15 million (or 10 times the stock’s adjusted basis), if ...