PICPA Boards and Blogs

By Larry S. Blair, CPA, JD, and Leilani Medina Costa, CPA, JD Businesses often have various types of intangible assets that enhance their value. But any time there is a transaction involving these intangible assets, subtle, yet significant, tax considerations may arise. The gain on the sale of an intangible asset will generally qualify for the ...

By Larry S. Blair, CPA, JD The entity of choice for many business owners is the S corporation. It has a number of statutory requirements - including a formal election - and limitations regarding shareholders. If all the requirements are met, however, the S corporation structure allows for a pass-through of the corporate earnings to the ...