Small Business Stock Gains - Exclusion and Deferral Opportunities Webcast | 4204313B

Course Details

Date

Tuesday, October 20, 2020

7:00am – 9:00am
(Registration: 5:00am)

Field of Study

Taxation

Course Number

4204313B

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

None

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.

Highlights





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

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

Designed For




CPAS and Attorneys

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$75.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$101.00
Your Price $101.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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