Lower C corporation income tax rates have increased attention to the Code § 1202 exclusion for gain on sale of stock. We will discuss how that and related provisions work, how they compare with other business exit strategies, and a recent Tax Court case that informs intrafamily business sales and loans. We also mention a new favorable IRS position regarding deducting charitable contributions that generate state tax credits for business owners.
You will learn:
This webinar is an oral presentation and elaboration on Steve Gorin's Business Succession Solutions 4th quarter 2018 newsletter.
The live presentation of this webinar was approved for 1.5 hour general CLE credit in California and Illinois and 1.8 hours of general CLE credit in Missouri. CLE credit is no longer available for this recording.
*Please note that this is a 90-minute presentation
Steve's 4th quarter 2018 newsletter is available here.
Steve's current materials, Structuring Ownership of Privately-Owned Businesses: Tax and Estate Planning Implications, are available by emailing firstname.lastname@example.org.
January 29, 2019
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