The Angel Next Door Optimize Your Returns – Tax Tips for Investors and Entrepreneurs
Did you know there are tax advantages Congress put in place to spur entrepreneurship and investing in early-stage companies? In today's episode of The Angel Next Door Podcast, host Marcia Dawood sits down with Jeff Solomon, a seasoned CPA with over 35 years of experience, to unearth some of the most critical tax strategies that can significantly impact founders and angel investors alike. As they dive into the complexities of U.S. tax codes, they uncover and simplify valuable insights that can help maximize returns and minimize financial pitfalls for those investing in small, high-growth businesses.
Jeff Solomon, a partner at Katz, Nannis and Solomon in Boston, specializes in working with tech-based and life science companies, including numerous angel and VC-backed startups. His firm, which boasts a team of 75 professionals, provides a comprehensive suite of accounting, auditing, and tax services aimed at helping fast-growth companies navigate the financial landscape. With decades of experience in advising entrepreneurs and investors, Jeff brings a wealth of knowledge and a unique perspective on leveraging tax codes to benefit early-stage investments.
This episode is a treasure trove for anyone involved in angel investing or looking to understand the financial intricacies of high-growth startups. Marcia and Jeff discuss essential topics like Qualified Small Business Stock (QSBs), the critical 1202 tax exemption that can make $10 million in gains tax-free, and the nuances of the R&D tax credit. They also explore lesser-known strategies like the 1244 code for handling investment losses and the 1045 rollover to maintain tax advantages. Whether you're an experienced investor or just getting started, these actionable insights are pivotal in shaping successful investment portfolios. Don't miss out on this must-listen episode that demystifies complex tax strategies and offers practical tips for optimizing your investments.
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