Articles > Business magazines > Finance and Accounting magazines > The Tax Adviser articles > August 1999

Article: Sec. 1202 qualifications.(IRC section 1202, capital gains tax exclusion)

Article from:
The Tax Adviser
Article date:
August 1, 1999
Author:
Copyright

The Revenue Reconciliation Act of 1993 created Sec. 1202, which allows noncorporate investors in certain C corporation stock a 50% capital gains exclusion on sale or exchange. The investor must hold the stock for more than five years to qualify for Sec. 1202 treatment; the stock must have been acquired on or after Aug. 12, 1993. Therefore, the earliest point in time at which this tax benefit would be available to taxpayers is on or after Aug. 12, 1998. Practitioners now need to consider if Sec. 1202 applies to their clients' transactions.

Sec. 1202 contains many obstacles in qualifying for the exclusion; more importantly, because it is not an elective exclusion, ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Tri-Continental Corporation Seeks SEC Authorization to ...
Business Wire;  August 15, 2007 ;     700+ words ... ... of net realized capital gains, and return of ... However, under SEC rules the number ... include long-term capital gains is limited ... include long-term capital gains in distributions ... currently permitted by SEC rules. Tri-Continental ...

Article: Blue Chip Value Fund announces receipt of SEC order ...
Business Wire;  June 18, 1996 ;     629 words ... ... order by the Securities and Exchange Commission. This order allows the fund to make up to four distributions of long-term capital gains in a taxable year as long as it maintains a policy of distributing a fixed percentage of net asset value quarterly. The ...

Article: The new capital gains rules maze.
The Tax Adviser;  May 1, 1999 ;     700+ words ... ... software to calculate capital gains tax, a clear grasp ... A review of amended Sec. 1(h) quickly reveals ... Exhibit 1: Summary of Sec.1(h) in formula format Sec. 1. Tax imposed. (h) Maximum Capital Gains Rate (1) Shall not ...

Article: Congress quiet on capital gains tax. (Mutual ...
National Underwriter Life & Health-Financial Services Edition;  March 18, 2002 ;     700+ words ... ... are subject to tax on capital gains distributions even if ... 000 in mutual fund capital, gains distributions from taxable ... investors some relief. An SEC regulation that took ... complaints about big capital gains distributions and other ...

Article: The bond of gains ; Invest in capital gains bonds ...
Business Today;  October 19, 2008 ;     700+ words ... ... retirement. Investors have to buy capital gains bonds within a period of six months from the date of booking capital gains. Under Sec. 54EC of the Income Tax Act ... an exemption from long-term capital gains tax on their investments. The ...

Article: Treatment of capital gains on installment sales ...
The Tax Adviser;  February 1, 1998 ;     700+ words ... ... straight-line. New Sec. 1(h)(1)(B ... new 20% long-term capital gains rate. These rules are ... Under the old law, Sec. 1231 gain component ... ASCII] The economic capital gains subject to Sec. 1231 and depreciation ...

Article: Capital gains after the TRA '97 - tax relief or ...
The Tax Adviser;  June 1, 1998 ;     700+ words ... ... enactment of new capital gains tax rates and holding ... Generally under Sec. 1 (h), as amended ... period.(3) Under Sec. 1(h)(2 ... the long-term capital gains rate is reduced ... higher long-term capital gains tax bracket in five ... coins), under Sec. 1(h)(5 ...

Article: The Revenue Reconciliation Act of 1993 attacks the conversion of ...
The Tax Adviser;  November 1, 1993 ;     700+ words ... ... ordinary income and capital gains might cause taxpayers ... would generate capital gains and take advantage ... the RRA adds new Sec. 1258 to prevent ... corporate tax rate on capital gains and ordinary income ... rules. Although Sec. 1258 would recharacterize ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives