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Deferring Taxation Using the Section 1042 "Rollover"

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This replay was recorded on May 23, 2017.

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:


Jamie M. Waldren

presenter photologo

Wells Fargo Advisors

Jamie is a managing director-investments with Wells Fargo Advisors. His experience is in the investment consulting, retirement planning, and business advisory services, including wealth management and business succession planning, including ESOP transactions and structuring QRP portfolios to utilize Section 1042 tax deferral strategies, liquidity and asset management, trust, and insurance services. He holds the following FINRA Securities Registrations, including series 7, 63, 8, and 31. Wells Fargo Advisors does not give legal or tax advice.