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, and Carol G. Murray, CPA, JD Business owners often choose S corporation status to eliminate the double taxation of profits that would occur with a C corporation election. One of the basic eligibility requirements for S corporation status is that only eligible shareholders can be owners.S corporations are usually owned ...