A Little Business Called Facebook…
Our very own Barbara Rosenbaum and Lori Shrout, had an excellent article appear in Accounting Today. The article discusses how Facebook early investors and Facebook employees might benefit from Internal Revenue Code Section 1202, which provides a partial exclusion for gain from the sale of certain small-business stock. Facebook a small business? Absurd, yet the Section 1202 definition of “small” may surprise you. Read the entire article here.