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WEBINAR REPLAY

Deferring Taxation Using the Section 1042 "Rollover"

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This replay was recorded on June 4, 2019.

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:

Presenters

Keith Apton

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The Capital ESOP Group- UBS Financial Services

Keith has 17 years of financial services industry experience with an extensive background in corporate finance. As founding partner of The Capital ESOP Group at UBS, he leverages the resources of the firm to assist his clients and their families in creating personalized financial solutions. Keith has a disciplined approach to help small- to middle-market business owners with sell-side solutions and post-sale financial planning, including wealth management and tax and estate planning strategies. Keith is an author and heads a national practice partnering with financial advisors on 1042 qualified replacement property rollovers.

Nicholas J. Francia

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The Capital ESOP Group-UBS Financial Services

Nick joined UBS in 2011. As a member of The Capital ESOP Group, Nick focuses on educating business owners on different tax-efficient monetization strategies, empowering them to make informed decisions. Nick also creates tailored cash flow models comparing the taxable sale of privately held businesses and a Section 1042 tax-deferred sale to an ESOP. In 2018 Nick was recognized by Forbes as one of America's Top Next-Generation Wealth Advisors. Nick graduated from the University of Mary Washington, where he earned a bachelor's degree in economics.