CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Tony & Damien’s Top 10: Sorry, You’re a Brokerage

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, 2023

The 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, 2023

In 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, 2023

In 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