Skip to main content
2023 Annual Conference Main banner
Back
Evaluation ViewAttendees 5

Feasibility and Finance

The 1042 Rollover

Tuesday, April 25, 2023
3:45 PM – 4:45 PM CST
Location: 2206
CE Hours 1
Onsite in KC
CE Type: CLE, CPE

    Speaker(s)

  • Curt Rubinas, CEPA

    Managing Director
    UBS Financial Services Inc.
    Atlanta, GA, United States

    PDF Slides

  • Nick Francia, n/a

    Managing Director
    The Capital ESOP Group, UBS
    Washington, District of Columbia, United States

    PDF Slides

  • Larry Gudis

This session will discuss the basics of the 1042 tax deferral. We will discuss the ESOP structure and required qualifications, which include percentages of ESOP ownership, stock origin, holding periods, reporting, reinvestment window, and tax filings. We will also discuss portfolio allocations and considerations for the selling shareholder. The session will include a discussion on passive, active, and blended diversification strategies that are commonly used. This discussion will also educate the audience on common pitfalls to avoid in the process. NCEO Resource:
Selling to an ESOP

Learning Objectives:

  • Understand requirements to qualify for a 1042 transaction
  • Determine investment options to complete the rollover
  • Learn lessons about pitfalls to avoid