Episode Description
In IRS Chief Counsel Memo 202204007, the IRS concluded that an online marketplace similar to AirBNB or Zillow that used its website to connect renters with tenants engaged in “brokerage service” for the purposes of Section 1202. That meant they were disqualified for the gain exclusion as Qualified Small Business Stock. What does this mean for other businesses, especially ones that act as intermediaries between third party businesses and their customers?
Podcast Hosts
Other Episodes
SECURE 2.0 Roundtable with Denise Appleby and Larry Pon
Full Episode
Mar 20, 2023The SECURE 2.0 Act of 2022 features 92 new provisions intended to better prepare Americans for …
SECURE 2.0 Roundtable with Denise Appleby and Larry Pon: Full Episode Read More »
Play Now 01:00:12
Tony & Damien's Top 10
Demystifying Common S-Corp Conundrums
Feb 17, 2023In Rev. Proc. 2022-19, the IRS details six areas in which it will no longer issue …
Tony & Damien’s Top 10: Demystifying Common S-Corp Conundrums Read More »
Play Now 22:21
Tony & Damien's Top 10
Sorry, You're a Brokerage
Feb 17, 2023In IRS Chief Counsel Memo 202204007, the IRS concluded that an online marketplace similar to AirBNB …
Tony & Damien’s Top 10: Sorry, You’re a Brokerage Read More »
Play Now 11:50