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 team helps individuals plan for the QSBS 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. Check out our articles online to see for yourself that Withum is on the cutting edge of tax planning. We ensure you have the skilled assistance necessary to meet your business challenges head-on.
When you’re ready to explore QSBS tax planning, Withum is ready to support you from original issuance through sale. Let’s chat!