Secfi的动态

Someone I met last week might save up to $19,207,500 of tax thanks to one of my friends reading a post of mine. Here's the story ?? I posted about Section 1202 and Section 1045 rollovers about two months ago. My friend, Chris Arnold, CFP? read my posts, understood them, and 6 weeks later got to apply them in real life. A tech founder reached out to him for some help with his stock options. He has a funding round closing soon and wants to take some money out of his company and start a new one. Chris asked him some questions about the founder's company and determined he has section 1202 stock. (Impressive) The only problem is that he is 6 months short of the holding period to be able to exclude 100% of his gain from income tax. Next, Chris recognized that the founder is in the perfect situation for a 1045 rollover. So, Chris started building out his team of professionals to advise his client. I hopped on a call with him and an experienced partner at our firm. Meeting together, we talked about a strategy called stacking and packing which will save an additional $5,910,000 in tax. After weighing our options, we also developed another solution to bump his remaining 1202 exemption up from $5 million to $55 million. And together, we came up with a strategy to save $19,207,500 in tax! This plan will require advisors, CPAs, attorneys, and at least five years to implement. But, he'll get about $1.5 million of savings within the first year! Now we're just waiting for an engagement letter. Would you sign it? #money #taxes #finance #strategy #motivation