FMN Taxes

FMN - 2021/November, Seg 1 - Qualified Small Business Stock Gain Exclusion

The Section 1202, qualified small business stock (QSBS) gain exclusion has gone unnoticed for years since its enactment in 1993 but has gained popularity recently as a go-to tax planning strategy with significant benefits to shareholders who are selling. It is a tax incentive for sellers of qualifying C corporations and encourages investment opportunities in small businesses. Dan Mayo, principal at WithumSmith+Brown, discusses Section 1202 in further detail and explains what makes it a hot topic today.

Learning Objectives:

  • Understand the meaning of qualified small business stock (QSBS) and how the QSBS gain exclusion applies;
  • Identify the requirements for issuers and shareholders to qualify for the gain exclusion;
  • Determine what the asset use test entails and the requirements of company subsidiaries; and
  • Understand the consequences when forced to sell before the 5-year holding period requirement.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.


Speaker / Author:

Daniel has more than 20 years of professional tax experience as well as experience in federal, international and financial products taxation. He is a member of Withum's National Tax Services Group and oversees the U.S. Federal income tax research, planning and review functions. He is experienced in mergers and acquisitions, capital markets and cross-border transactions.

Daniel is a frequent author and speaker on U.S. Federal income tax and international tax topics. He received his Bachelors of Science in Accounting from Rutgers College, his Juris Doctor, cum laude, from Seton Hall University School of Law and an LL.M. in Tax from New York University School of Law. He is an approved arbitrator for FINRA and an adjunct faculty member with Georgetown University Law Center. Daniel is a member of the American Bar Association, previously the chair of the Banking & Savings Institutions Tax Committee, and the New York Bar Association.

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Price (USD)

Standard: $69.90

Details

Course Code : FMN1420-FM

Release Date : 11/09/2021
Expire Date : 06/14/2023
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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