Don Farmer's Section 1202 QSBS: Qualification, Planning & Exit Strategies
2.00 Credits
Member Price $89
Non-Member Price $109
Overview
This course provides a comprehensive review of §1202 qualified small business stock (QSBS) rules, from initial qualification through exit planning. Participants will examine entity eligibility, active business requirements, holding period issues, redemptions, and multi-year sales strategies. Case studies highlight common QSBS failures and planning techniques to preserve the exclusion.
Highlights
- Overview of IRC §1202 Qualified Small Business Stock
- QSBS Eligibility and Qualification Requirements
- Holding Period and Gain Exclusion Rules
- Disqualifying Transactions and Compliance Risks to include common qualification failures and compliance considerations
- Redemptions, Partial Exits, and Planning Considerations
- Application of QSBS rules to multi-year sales and exit scenarios
Prerequisites
None
Designed For
CPAs and tax professionals involved in the world of tax.
Objectives
- Identify eligibility requirements for qualified small business stock
- Analyze holding period and gain exclusion limitations
- Evaluate planning strategies for redemptions and partial exits
- Distinguishing qualifying from disqualifying transactions
- Apply QSBS rules to real-world exit scenarios
Preparation
None
Leader(s):
Leader Bios
Nicholas Preusch
Nicholas Preusch, CPA, JD, LLM, is a tax manager with PBMares, LLP, in Fredericksburg, VA, where he works with high wealth individuals and mid- to large-size companies focusing on tax controversy and complex tax issues. In addition, Nicholas is an adjunct professor at the University of Mary Washington. Nicholas has been published in the AICPA’s Journal of Accountancy and Tax Adviser, and in CCH’s Journal of Tax Practice and Procedure. He co-authored the textbook Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas was named one of the VSCPA’s Top 5 Under 35 in 2017. Prior to joining private practice, Nicholas started his career as an IRS Revenue Agent. He later joined the IRS Office of Professional Responsibility as an enforcement attorney. While at OPR, he was the lead attorney on several milestone cases such as Gass and Pezzo. Nicholas is a graduate of Carthage College, degree in Accounting and Business; he has also earned a Master of Science in Accounting from the University of Connecticut, his JD from Case Western Reserve University, and his LLM in Taxation from Georgetown University.
Non-Member Price $109
Member Price $89