If you’re considering starting or investing in a small business, you’ll want to take note today…
Because there’s a little-known provision of the Internal Revenue Code with BIG tax savings potential.
This strategy only works if you have a long-term time horizon (longer than five years). But if you do, this tax incentive can completely eliminate capital gains tax on $10 million or even more of your future gains.
And due to the recent failure of H.R. 5376, the “Build Back Better Act,” the program has remained untouched, preserving this great opportunity.
In today’s Sovereign Man: Confidential Alert, we’ll discuss Section 1202, Qualified Small Business Stock. We’ll share all the details, including individual and corporation requirements – and businesses that do not qualify – how US states treat Section 1202 gains, how you can transfer tax-free, small business stock to a trust, and much more.
All across America, you could hear the collective sigh of relief… On Sunday evening, December 19th, 2021, we learned that Senator Joe Manchin from West Virginia would be a definite “no” on the $1.9 TRILLION “Build Back Better Act” (BBBA). Manchin’s lone “no” vote derailed the “majority” party’s grand tax and spending plans. Despite the…