Section 16
IRC Section 1244
With the proposed capital gain law, benefits under Section 1244 may improve. As much as $100,000.00 a year may be deducted from ordinary income under this IRS code on the sale of stock in a small business corporation, preventing it as a "capital loss."
The corporate record books provided by CRA of America, LLC include an IRC 1244 package explaining the full benefits and how to act on them. Includes:
· Introduction and explanation of IRC 1244
· Instructions
· Resolution of Directors
· Letters to Shareholders
· Twenty self-adhesive legends for share certificates
· Corporate Record Forms
· Section 1244
· Senate Committee Report