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To quickly run through these in order: 1) The program was extended. And regardless, the original company investment was made during the holiday, so as long as
by exitingfounder 15y ago
To quickly run through these in order:
1) The program was extended. And regardless, the original company investment was made during the holiday, so as long as I roll over within 60 days, I'm OK.
2) I did hire a tax lawyer, which is why I understand the circumstances pretty thoroughly. What they weren't able to do was recommend a specific course of action based upon firsthand experience, which is why I'm asking here - either for someone who has that experience, or a pointer to a lawyer who's specifically experienced with this particular cranny of law
- It's not feasible to delay without wrecking the deal
- A stock transaction is not an option for the acquirer
- We're a C corp
- I asked a CPA as well since what I'm looking for is experiences and strategies. I concur with the gist of this advice and will have a tax attorney look over it if I come up with anything.
Thanks for taking the time to weight in.
- rprasad 15y agoWhoops. You're right about the second extension. The law itself (Sec 1202) was not extended, but other code sections that interplay with 1202 extended (and expanded) the scope of 1202. That's what I get for commenting after midnight...