Author:Jeff Senney

Investing in startup and growth-stage businesses has generally been limited to accredited investors.  Accredited investors are individuals with annual compensation of at least $200,000 for the last two years or a net worth of at least $1,000,000 (not counting personal residence).  Startups solicited accredited investors...

Read MoreRead More

IC-DISC:  Taxpayers who own a business (“Business”) that exports products or services outside the U.S. can reduce their federal income tax liability by setting up an IC-DISC.  The Business pays a royalty to the IC-DISC equal to the greater of 4% of export revenue or...

Read MoreRead More

Written by:  Jeff Senney, Tax and Business Law Attorney In Notice 2018-54, the IRS informed taxpayers that it intends to propose regulations which address the federal income tax treatment of  tax deduction payments made by taxpayers to certain state-established "charitable funds."  These funds were created by...

Read MoreRead More