This engaging session, led by financial planner Kevin Brady, is designed to equip financial advisors with an in-depth understanding of Qualified Small Business Stock (QSBS) and its significant role in tax, legal, and financial planning strategies. As the landscape of investment opportunities evolves, leveraging QSBS can offer substantial tax advantages under Section 1202 of the Internal Revenue Code, which provides for a partial or complete exclusion of gains from federal income tax when certain conditions are met. This workshop will guide participants through the complex criteria and strategic considerations necessary for advising clients effectively on the acquisition, management, and divestment of QSBS.
Learning Objectives:
- Understand the Eligibility Requirements and Tax Benefits of QSBS: Participants will learn to identify which stocks qualify as QSBS, understand the specific conditions under Section 1202, and how to apply these rules to maximize tax savings for clients.
- Navigate the Legal Framework and Compliance Issues: Attendees will gain insights into the legal intricacies of QSBS, including compliance with holding period requirements and how to handle contingencies that may affect QSBS status.
- Incorporate QSBS into Broader Financial Planning Strategies: Advisors will explore methods for integrating QSBS into comprehensive financial planning, examining scenarios where leveraging QSBS is advantageous and aligns with clients' long-term financial goals.