Tag: section 1202 of irc

1202 IRC

Accounting Services

1202 IRC for Small Business: What is It and How can I Use It? Small businesses can use 1202 IRC to reduce their income tax liability. 1202 IRC is a small business program that offers income tax credits for businesses that invest in research and development. To qualify, businesses must spend money on research and […]

Section 1202 Exclusion

Tax Free Income

What You Need to Know about the Section 1202 Exclusion As 2017 comes to a close, it’s important to be aware of the tax provisions that will expire at the end of the year. One such provision is the section 1202 exclusion, which allows for taxpayers to exclude certain gains on the sale of qualified […]