Business Tax Status - The John Ellis Company

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Part 1: QSBS Opportunity — The $10M+ Tax Strategy Many Business Owners Miss

June 23, 2026June 24, 2026Business Tax Status, Small Business, Tax Code

Many business owners are sitting on a powerful federal tax opportunity without realizing it: Qualified Small Business Stock (QSBS) under IRC §1202. In the right fact pattern, eligible QSBS may allow exclusion of up to 100% of gain, depending on acquisition date, holding period, and satisfaction of §1202 requirements. That means a properly structured company...

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Taking Cash Out of a “S” Corporation by Employee-Owner

June 9, 2025June 9, 2025Business Tax Status

This article relates to Employee-Owners of a “S” corporation. One can be an owner or partner in a “S” corporation, but not an employee (performing services for the same entity). But if you are an owner and employee there are special tax laws that effect you. If you’re taking cash out, you could be creating...Continue reading