Deferring Taxation Using the Section 1042 "Rollover" Part 1
May 23, 2017 (9:30 am-10:30 am Pacific)
About This MeetingRecent 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
|9:30 AM||Deferring Taxation Using the Section 1042 "Rollover" |
Jamie Waldren, Wells Fargo Advisors LLC
Add This Webinar to Your Calendar
If you use a Microsoft Outlook calendar or another calendar that can import iCalendar events, click the button below to add this Webinar to your calendar.
Wells Fargo AdvisorsJamie, a CFP® is a managing director - investments with Wells Fargo Advisors, LLC. Member SIPC. His experience is in retirement planning, including wealth management, assisting with business succession and ESOP strategies, structuring QRP portfolios, liquidity and asset management and providing access to, trust, and insurance services through affiliates and non-affiliates. He holds the following securities FINRA Securities Registrations, 7, 63, 8, and 31. Wells Fargo Advisors does not provide tax or legal advice.
NCEO members: Free.
Nonmembers: See below for fees.
General Registration InformationIf you do not need continuing education credit you may simply access the Webinar access instructions in the members area of our Web site (user name and and password required).
Participants requesting continuing education credit do need to register once in the registration section of members area of our Web site (username and password required) and you will registered for as long as your membership is active.
If you are not a member and do not wish to join but would like to attend a Webinar, we invite you to attend one as our guest ($150 per Webinar thereafter as a nonmember).
For help with your user name and password or for any additional information please contact our event and administrative associate, Christine Lewis at 510-208-1308 or firstname.lastname@example.org.
Continuing Education CreditTo receive continuing education credit for our Group-Internet Based Webinars, participants must be registered for the Webinar and log in to the Webinar under their own name. Participants must respond by poll to all the questions posed by the moderator. Participants failing to respond to the questions will not be eligible for continuing education credit. To receive a certificate of completion, please indicate the type of certificate you would like on the ReadyTalk Participation Registration page. Upon confirmation of your participation, you will be sent a certificate via email from Christine Lewis within the next 2 weeks.
CPE CreditThe National Center for Employee Ownership (NCEO) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
This program is a "group-Internet based" offering and provides 1.00 hour of CPE credit for accountants in the area of "specialized knowledge and applications." The material is basic level. No prerequisites or advanced preparation is needed. For more information regarding administrative policies such as complaint and refund, please contact the NCEO at 510-208-1300.
IRS CreditThe National Center for Employee Ownership (NCEO) is registered with the IRS as an approved provider of continuing education credit. This program provides 1.00 hour of IRS credit for Enrolled Retirement Plan Agents. Programs listed in other areas of our Web site are not approved for continuing education credit for Enrolled Retirement Plan Agents. Attendees must provide a PTIN with their registration in order to obtain IRS CE credit. Continuting education credit is not mandatory for tax return preparers.
SHRM CreditThis program is valid for 1.00 PDC for the SHRM-CPSM or SHRM-SCPSM.
Simply mark the dates of those Webinars you wish to attend on your calendar, and log in at the scheduled time. There is no need to advise us which ones you plan to attend. If you are an NCEO member no notice of cancellation is required. Live Webinars are a NCEO membership benefit and are free; therefore, refunds are not applicable. If you are not an NCEO member and have paid to attend, a full refund will be issued, less a $35 administrative fee, if the request is received by the close of business on 24 business hours prior to the broadcast. Cancellations made after that date will be eligible for credit toward another program, minus a $35 administrative fee. If you do not attend and do not cancel, no refund will be issued.