Tax Law Defined™ Blog
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West Virginia Office of Tax Appeals Holds for Out-of-State Methanol Marketer in Motor Fuel Excise Tax CaseJuly 30, 2025 | Blogs
The West Virginia Office of Tax Appeal recently held in favor of a methanol marketing company, vacat...
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Maximizing Section 1202’s Gain ExclusionJuly 25, 2025 | Qualified Small Business Stock (QSBS)
Section 1202 permits a taxpayer to claim a gain exclusion in connection with the sale or exchange (i...
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Broad Standing of “Aggrieved Parties” in West Virginia Property Tax AppealsJuly 23, 2025 | Blogs
In a December of 2023 decision, the Intermediate Court of Appeals West Virginia held that EQT Produc...
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Advanced Section 1202 (QSBS) Planning for S CorporationsJuly 22, 2025 | Qualified Small Business Stock (QSBS)
*This article was updated on July 22, 2025. Section 1202 provides for a substantial exclusion of g...
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A Section 1202 Walkthrough: The Qualified Small Business Stock Gain ExclusionJuly 22, 2025 | Presidential Administration Impacts
*This article was updated in July 2025 to reflect the changes to Section 1202 under the One Big Beau...
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Substantiating the Right to Claim QSBS Tax Benefits | Part 2July 18, 2025 | Qualified Small Business Stock (QSBS)
Section 1202 provides an exclusion from capital gains when a stockholder sells qualified small busin...
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Substantiating the Right to Claim QSBS Tax Benefits | Part 1
July 15, 2025 | Qualified Small Business Stock (QSBS)
Section 1202 provides an exclusion from capital gains when a stockholder sells qualified small busin...
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One Big Beautiful Bill: Sports Betters and Gamblers Might DisagreeJuly 11, 2025 | Presidential Administration Impacts
The One Big Beautiful Bill, signed by President Donald Trump on July 4, contains a new development t...
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Top 10 Biggest Business Tax Breaks (and Hits) in the One Big Beautiful Bill ActJuly 11, 2025 | Presidential Administration Impacts
With a name like the One Big Beautiful Bill Act (OBBBA), you know two things right away: (1) it’s ...
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Executive Order on Ending Market Distorting Subsidies for Unreliable, Foreign Controlled Energy SourcesJuly 9, 2025 | Blogs
On July 7, 2025, President Trump signed an executive order (EO) directing federal agencies to implem...
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Indiana Local Food and Beverage Tax Reporting ChangesJuly 8, 2025 | Blogs
On May 6, 2025, Governor Mike Braun signed into law House Enrolled Act 1427-2025 (“HEA 1427”). S...
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There is No Sunset in the Land of OZ – Opportunity Zones Renewed by One Big Beautiful Bill ActJuly 7, 2025 | Blogs
On July 4, 2025, President Trump signed H.R. 1—referred to as the “One Big Beautiful Bill Act”...