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Tag: Texas C-Corp
QSBS & Texas: Does the State Tax Your 0% Federal Gain?
Qualified Small Business Stock (QSBS) under IRC §1202 offers a powerful tax exemption of up to 100% of federal capital gains. But what about Texas? Does your 0% federal gain remain tax-free at the state level? What is QSBS? Qualified Small Business Stock (QSBS) refers to shares acquired in a qualified C-Corporation under IRC §1202, […]
Texas C-Corp Payroll Setup: Withholding & FUTA Checklist
Texas C-Corp Payroll Setup Establishing payroll for your Texas C-Corporation requires careful setup of federal and state withholding, as well as compliance with the Federal Unemployment Tax Act (FUTA). A correct payroll system ensures timely deposits, accurate reporting, and avoidance of penalties. Relevant Tax & Code References IRC §3402 (Requirement to Withhold Income Tax on […]