Search Results: keywords:"shareholders"

  • S. 1371 — To amend the Internal Revenue Code of 1986 to increase the number of eligible shareholders of an S corporation.
    Status:Introduced in Senate
    Words:212

    S. 1371 is a bill introduced to amend the Internal Revenue Code of 1986. The bill seeks to increase the number of eligible shareholders in an S corporation from 100 to 250. This change aims to provide more flexibility and opportunities for forming S corporations. The...

    Simple Explanation

    S. 1371 is a bill that wants to let more people own a special kind of business called an S corporation, increasing from 100 to 250 people. This change would start after December 31, 2025, so the companies can invite more friends to join them.

  • H. R. 1857 — To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.
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    Status:Introduced in House
    Words:3,141

    The bill H. R. 1857 aims to amend the Internal Revenue Code to allow certain assets, such as stocks, digital assets, and tangible property, to be adjusted for inflation when calculating gains or losses. This adjustment applies only to assets held for more than three years and...

    Simple Explanation

    The bill wants to change the rules about how people pay taxes when they sell things like stocks or digital assets, by letting them adjust the price they paid for them to account for inflation, but only if they've owned them for more than three years. This means if something has become worth more just because of inflation, they might not have to pay as much in taxes when they sell it.