Featured Jobs

ERISA & Employee Benefit Specialist / Paralegal (New York NY)

Pension Practice Director (Louisville KY / Telecommute)

Retirement Plan Administrator (Kennett Square PA)

NQ Client Services Manager (Lake Mary FL / Dallas TX)

Senior Qualified Plan Administrator (Miamisburg OH)

Regional Sales Vice President, Outside Retirement Sales Consultant (Marlton NJ / Telecommute)

Compliance Manager (Ponte Vedra Beach FL)

Compliance Administrator III (Chico CA / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook
Webcasts  >  Upcoming, by Date   |   Recorded
Conferences  >  Upcoming, by Date   |   Upcoming, by State
Combined  >  Upcoming, by Date   |   Recorded or Upcoming, by Sponsor

View More National Center for Employee Ownership [NCEO] Webcasts and Conferences

Deferring Taxation Using the Section 1042 "Rollover"

National Center for Employee Ownership [NCEO]

June 4, 2019
Recorded Online
Webcast

Recent Federal legislation resulted in increased long-term capital gains tax rates. As a result, more business owners are expressing their interest for tax-deferred sales to ESOPs. As the selling shareholder to an ESOP, you have the option to pay the capital gains tax created by the sale, or if you are eligible, you can elect section §1042 of the Internal Revenue Code. Electing §1042 allows the selling shareholder(s) to defer the capital gains tax in connection with the sale to an ESOP, and if structured properly would result in a permanent avoidance of paying the capital gains tax.

You will learn:

  • A high level explanation of how a business owner can sell a portion or all of his or her business to an ESOP and defer recognition of long-term capital gain realized in connection with the sale;
  • The significant requirements that a business owner must satisfy before he or she can take advantage of this tax-deferral arrangement;
  • Simple rules of thumb to determine whether a particular business owner is a good candidate for a tax-deferred sale to an ESOP

Presenter:  Nicholas J. Francia, The Capital ESOP Group - UBS Financial Services

Continue by clicking on the following link:
https://www.nceo.org/node/26614

© 2019 BenefitsLink.com, Inc.