United States: Capital Gains Tax

The United States cryptocurrency regulatory landscape has undergone its most dramatic transformation in history. The signing of the GENIUS Act into law on July 18, 2025 — the first comprehensive federal crypto statute ever enacted — marks a before-and-after moment for American digital asset law.

Early decisions about a start-up's legal structure can dramatically affect tax outcomes and financial returns as the company grows and reaches liquidity events. Understanding the Qualified Small Business Stock (QSBS) exemption and implementing proper structuring from the outset can significantly enhance returns for both founders and investors.

The One Big Beautiful Bill Act has fundamentally transformed the Qualified Small Business Stock exclusion under Section 1202, creating unprecedented tax-saving opportunities for entrepreneurs and investors.

Section 1202 of the US tax code offers qualified small business stock (QSBS) holders the ability to exclude significant capital gains from federal income tax, with recent legislation raising the exclusion cap to $15 million per taxpayer for stock acquired after July 4, 2025. Strategic use of properly structured non-grantor trusts can multiply these tax benefits through "trust stacking" while simultaneously achieving substantial estate tax savings. Cross-border families and multinational founders must coordi

A comprehensive guide to short-term rental income, the 14-day rule, FDAP withholding, the W-8ECI election, sports betting taxation, side hustle reporting, the jock tax, Central Withholding Agreements, and IRS enforcement — for both US residents and nonresident aliens participating in the 2026 FIFA World Cup.

Ohio has opened a 30-day window for stakeholders to nominate census tracts for the next generation of federal opportunity zone designations, with the state projected to have 62 fewer zones than the original program.

Two recent California tax decisions reveal contrasting outcomes for property owners dealing with disaster-related losses. While taxpayers secured a victory allowing tax-deferred rollovers on partially destroyed flood-damaged...

Following adjournment of the 2026 Washington State legislative session on March 12, 2026, Governor Bob Ferguson signed into law several bills that repealed...

It is important to consider that gifts made within three years of a decedent’s death are “clawed back” into a decedent’s New York taxable estate.