Category Archives: Newsletters


31

Dec 2013

Paragon January Business Newsletter

Built-in Gains Tax Tax relief extended for 2013 When a C corporation converts to an S corporation, it is subject to an extra set of tax rules. Although the conversion itself is not a taxable event, assets held at the time of conversion when sold during a certain time frame are subject to an extra tax. This time frame is called the recognition period, and…

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Paragon January Individual Newsletter

27

Dec 2013

Paragon January Individual Newsletter

Certain Tax Provisions Set to Expire at the End of 2013….Will you feel the effects? On January 2, 2013, President Obama signed The American Taxpayer Relief Act into law. This bill is over 150 pages and retroactively extends many of the sunset provisions as well as permanently patching Alternative Minimum Tax (AMT). However, the following items were only extended until December 31, 2013, and without…

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