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Entries by Mark Flinchum, Stephen Schnelker

Unique Tax Deferral Opportunity With an ESOP Sale

Posted 3:00 PM by
Under a specific set of facts, a C corporation sale to an ESOP may be able to utilize the tax provision benefits of combining Section 1202 of the Internal Revenue Code of 1986, as amended (the “Code”) and Code Section 1042. If those facts are present, a seller of stock in a leveraged ESOP transaction may be able to receive some proceeds tax-free while deferring the remaining tax on the sale.
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