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National Tax Conference 2019

NTA1935 - QSBS: The Quest for Quantum Exclusions (Queries, Qualms & Qualifications)

Nov 14, 2019 1:30pm ‐ Nov 14, 2019 2:20pm

Standard: $49.00


Qualified Small Business Stock (QSBS) under Section 1202 is not just for tech companies anymore. It's time to reconsider QSBS because the new tax act has paved the way for closely-held companies to benefit 'bigly'. QSBS provides an exciting array of benefits (and a surprising alternative) for owners of new and pre-existing business (large and small): (i) 100% gain exclusion on sale; (ii) tax-free rollover of gains; and (iii) a chance to 'stack' (multiply) and 'pack' the exclusion by 10 times (maybe more). While the benefits of QSBS are straightforward, the qualifications and questions surrounding QSBS planning are far from it. This presentation will discuss planning opportunities, unanswered questions, potential pitfalls, and best practices in the quest for quantum QSBS exclusions.

Learning Objectives:
  • Understand why the time finally right for QSBS.
  • What has changed since its enactment?
  • Understand the basic elements and qualifications of QSBS.
  • Analyze planning to maximize QSBS exclusions.


  • Paul S. Lee, J.D., LL.M. (Taxation), Global Fiduciary Strategist, Northern Trust Company

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