Practical legal guidance on QSBS (Section 1202), equity compensation, startup formation, financing, and Washington State tax issues for founders, investors, and startup employees.
Bottom line: Treasury and the IRS just designated 6,576 new Qualified Opportunity Zones, and they take effect January 1, 2027. Opportunity Zones are now permanent. So if you, your investors, or your employees will…
Bonus, sale, or Roth conversion coming? Ten places to review before Washington’s 9.9% income tax begins in 2028 — timing, moves, QSBS, and more.
Under ESSB 6346, receipts that can't be assigned to a state drop out of the receipts-factor denominator. For a Nevada owner of a consulting firm, that raises the Washington share. Whether Nevada receipts drop out too is an open question.
Moving from WA to NV with time in CA? Day counts can decide a residency fight. Contemporaneous app logs beat memory. Which apps to consider.
Early I-645 returns favor keeping Washington’s income tax. What the vote tells us, what it leaves to the courts, and why planning still matters.
How not to screw up your 10x basis, which could be worth far more than the $15 million cap.
In one illustration, an NBA team practicing in Seattle owes about $6.5M a year in city payroll taxes on player pay; practicing outside, about $2.2M.
The ballot says I-645 would decrease funding for schools, universities, and healthcare. It doesn't say when the money would arrive, or what the decrease is measured against.
Washington can make its tax system fairer without accepting every argument for an income tax. A falling spending-to-income ratio is not a needs assessment, and more revenue is not a substitute for budget discipline.
Washington's new income tax has no prior-year estimated-tax safe harbor for first-time filers. A founder or early employee in an exit year can pay the entire tax with a timely filed return and still face a penalty.
