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Deferring Taxation Using the Section 1042 "Rollover" Part 2

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This replay was recorded on May 3, 2016.

About This Meeting

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:


Nicholas J. Francia

presenter photologo

UBS- The Capital ESOP Group

Nick is a member of The Capital ESOP Group, and his role includes creating tailored cash-flow models comparing a taxable sale of privately held businesses to a 1042 tax-deferred sale to an ESOP. His passion is educating business owners on tax-efficient exit strategies, empowering them to make informed decisions. Nick is committed to helping clients recognize their options, understand the pros and cons of each strategy, and choose which succession plan is best.

Andrew Shapiro

Business Transition Advisors (BTA)

Andrew I. Shapiro, CLU, ChFC, MSM is senior vice president of BTA, Inc. Andrew has more than 30 years of experience in the financial services industry, with a focus on working with business owners to provide executive benefit plans and craft business succession plans. Andrew is known for his ability to create innovative solutions that integrate family dynamics, tax regulations, and the desires of corporate owners to control and monetize their business assets. A well-known public speaker and author, Andrew holds a B.S. from the prestigious Long Island University College of Management, an M.S. from The American College, and is an active member in many industry organizations. Andrew's history of working with businesses that range from single person startups to century old publicly traded corporations gives him a broad range of experiences on which to draw. Active in the community, Andrew has served on the board of a local charity and coached soccer, wrestling, and tae kwon do.