Have You Considered the Following QSBS Tax Implications?
- You can expand your exclusion through gifting and trust planning.
- The maximum exclusion is the greater of $10 million or an annual exclusion of 10x your basis.
- Depending on your resident state, you may owe State income tax!
- Your exclusion percentage can vary depending on the date you acquired your stock.
- If you sold your QSBS before 5 years, you may be eligible for a ยง1045 rollover.
How Withum Can Help
For QSBS Qualification
- QSBS eligibility planning
- Maximizing the QSBS benefit through stacking and packing
- Prepare QSBS memo for IRS penalty protection
- Calculate and report the QSBS exclusion
For Individual Planning
- Trust and gift planning
- Quarterly tax planning
- Tax return preparation & reporting the QSBS exclusion
Why Withum
Withum’s Founders and Tech Executives Services Team helps individuals plan for the Qualified Small Business Stock tax exclusion. We provide support for individuals and companies alike. Our integrated team of professionals is comprised of seasoned, well-known CPAs and industry leaders who are at the hub of the technology industry.
When you’re ready to explore QSBS tax planning, Withum is ready to support you from original issuance through sale. Let’s chat!