The Gift That Keeps on Giving: Using 1202 Small Business Stock for Gain Exclusion and Gift Planning
I.R.C. Section 1202 provides an extraordinary benefit to holders of qualified small business stock. This benefit is often overlooked, in part because the rules have changed several times. In addition, with proper planning, the income tax exclusion benefit can be multiplied, potentially allowing the holder to avoid tens of millions of dollars in taxable gains upon the sale of the stock.
How can small businesses take advantage of the benefits of offering Section 1202 qualified small business stock? In this 20-minute recorded webinar, Blank Rome Of Counsel John S. Kiely of our Trusts & Estates practice will answer I.R.C. Section 1202 questions including:
- What is a qualified small business?
- How can an entity change its status to obtain 1202 treatment?
- What is the best way to plan gifts or inheritances of 1202 stock?
To watch the webinar, please go to webinar registration page.
QUESTIONS? Contact Brad Mease via e-mail.