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Webinar(CA): Small Business Stock Gains – Exclusion and Deferral Opportunities

Description

Review the availability and application of three special rules that allow exclusion or deferral of gain from the sale of the stock of a corporation not making the S corporation election .
IRC1202 provides that gain from the sale of “qualified small business stock” can be excluded .
IRC 1045 describes situations when the gain from the sale of “qualified small business stock”can be deferred .
To understand the application of these two favorable provisions, the meaning of “qualified small business stock” must be understood, as well as other requirements and limitations.
IRC 1042 allows deferral of gain from the sale of corporate stock to an employee ownership plan ( ESOP). This deferral requires a qualified reinvestment at the right time in an adequate amount.
Study these three provisions apply in the context of tax planning for corporate businesses.

Learning Objectives

Determine the benefit of the IRC 1202 exclusion
Identify the requirements that must be met to qualify for IRC 1202 exclusion
Recognize limitation on the amount of the exclusion
Compare of the IRC 1202 exclusion to making S corporation election
Determine the benefit of IRC 1045 deferral
Identify the requirements that must be met to qualify for IRC 1045 deferral
Recall the basics of Employee Stock Ownership Plans ( ESOP)
Determine the benefit of the IRC 1042 deferral
Identify the requirements that must be met to qualify for IRC 1042 deferral

Major Topics

IRC1202 – The benefit of the exclusion
IRC 1202 – The requirements that must be met
IRC 1202 – Limitation on the amount of the exclusion
Comparison of the IRC 1202 exclusion to making S corporation election
IRC1045 – The benefit of the deferral
IRC 1045 – The requirements that must be met
The basics of Employee Stock Ownership Plans ( ESOP)
IRC1042 – The benefit of the deferral
IRC 1042 – The requirements that must be met

Provider
California CPA Education Foundation
Course Level
Intermediate
CPE Field of Study
Tax
2
Who Should Attend

CPAS and Attorneys

Instructor(s)
John McWilliams
Prerequisites

None

Advanced Preparation

None

Location
Webinar
Event Information
When
Oct 20, 2020
11:00 am - 1:00 pm MST
Location
Webinar
Total CPE Credits
2
Format
Webinar

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$75.00

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$101.00
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Webinar(CA): Small Business Stock Gains – Exclusion and Deferral Opportunities


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