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23WC-1207: Small Business Stock Gains: Exclusion and Deferral Opportunities (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, February 27, 2024
3:00pm - 5:00pm Central Time
2 CPE (2 technical)

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. IRC 1202 provides that all or part of the gain from the sale of "qualified small business stock" can be excluded from gross income. 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 how these three provisions apply in the context of tax planning for corporate businesses.

Major subjects

  • IRC 1202--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
  • IRC 1045--The benefit of the deferral
  • IRC 1045--The requirements that must be met
  • The basics of Employee Stock Ownership Plans (ESOP)
  • IRC 1042--The benefit of the deferral
  • IRC 1042--The requirements that must be met

Learning objective(s)

  • Determine the benefit of the IRC 1202 exclusion
  • Identify the Section 1202 requirements that must be met and the limitation on the amount of the exclusion
  • Determine the benefit of IRC 1045 deferral
  • Identify the requirements that must be met to qualify for IRC 1045 deferral
  • Determine the benefit of the IRC 1042 deferral
  • Identify the requirements that must be met to qualify for IRC 1042 deferral

Who should take this program?

CPAS and attorneys

Fees

Our records indicate you are a nonmember. If you register, you will be charged $119.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $89.00
checkmark Standard Nonmember Fee $119.00

More program information

Instructor John McWilliams, JD, CPA
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. Knowledge in taxation
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.