Section 1202 Qualified Small Business Stock: Maximizing Tax Advantages of Gain Exclusion and Deferral
Leveraging QSBS Code Provisions Including 1244 Ordinary Loss Treatment
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will offer tax advisers and professionals an exploration of IRC Section 1202 qualified small business stock (QSBS). The webinar will detail the gain exclusion rules of Section 1202 and will describe the types of business entities that are eligible QSBS companies. The panel will also discuss the tax deferral provisions contained in Section 1045 for rollovers in qualified small business stocks, and review specific cases and examples relative to Section 1202 stock. Finally, the webinar will offer guidance on the reporting requirements and planning opportunities related to QSBS.
Outline
- Qualified small business stock
- Entities eligible for QSBS treatment
- Section 1202 cap gains exclusion rules
- Section 1045 rollover gain deferral rules
- Entities eligible for small business treatment
- Section 1202 reporting requirements
- Planning considerations for QSBS
- Case studies and examples
Benefits
The panel will discuss these and other relevant topics:
- What types of entities qualify--and do not qualify--for preferential treatment under Section 1202?
- What are the mechanics of the gain exclusion calculations upon the sale of Section 1202 stock?
- What are the rules and qualifications for the rollover deferral provisions under Section 1045?
- What is the current state of IRS challenges to this significant tax break?
Faculty
Christopher A. Karachale
Partner
Hanson Bridgett
Mr. Karachale advises individuals and business entities on a broad range of tax planning and tax controversy matters.... | Read More
Mr. Karachale advises individuals and business entities on a broad range of tax planning and tax controversy matters. He has written extensively on QSBS issues. He counsels taxpayers on employee benefits and executive compensation issues, including deferred compensation and Section 409A. He assists clients with international tax compliance, including voluntary disclosures and related planning matters. He represents individuals and an array of business entities in controversy matters before the IRS and California state tax authorities.
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Raymond L. Leung, CPA
Managing Partner
Leung Louie Ip & Co.
Mr. Leung has over 25 years of personal and corporate income tax and financial consulting experience with a special... | Read More
Mr. Leung has over 25 years of personal and corporate income tax and financial consulting experience with a special emphasis in gift and estate tax. His focus is providing consulting services to many closely-held businesses and their owners as well as high net-worth individuals and their families. He also advises his clients in the areas of compensation, stock options and founders’ stock planning, and taxation of U.S. and foreign investments.
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David Strong
Partner
Morrison & Foerster
Mr. Strong is the current co-chair of the firm’s Tax Department and co-chair of its Federal Tax practice. He also... | Read More
Mr. Strong is the current co-chair of the firm’s Tax Department and co-chair of its Federal Tax practice. He also serves as managing partner of the firm’s Denver office. He works closely with transaction teams across the firm, including teams located in Los Angeles, New York, Palo Alto, San Francisco, Tokyo, and Washington D.C. His nationally recognized areas of expertise include mergers and acquisitions, joint ventures, private equity, and venture capital investments, restructurings, distressed situations, and initial public offerings and other types of capital markets transactions.
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