If you are facing a potential taxable event from shares you acquired in a private company, you need to be aware of the Qualified Small Business Stock exemption—it could help you protect up to $10 million (or 10 times your cost basis, whichever is greater) from federal taxes.
Join our QSBS specialists as we explore eligibility, planning considerations, and how recent market fluctuations are affecting exemptions.
Key takeaways:
• Required documentation for the five-year holding period
• The implications of transferring or gifting shares
• Actions that may disqualify you from receiving QSBS exemptions
• Why the definition of “working capital” is critical to receive QSBS benefits amidst today’s market turbulence
Questions?
Please email Courtney McClintock at cmcclint@svb.com.
Ann Lucchesi is an enterprise relationship manager at Silicon Valley Bank in San Francisco. She works within the commercial banking division, serving as a key contact between tech banking and the private bank, delivering educational programs and providing thought leadership. She’s also a subject matter expert for all things related to private stock and equity compensation. In her current role, she’s primarily focused on helping founders and executives of private companies plan across their entire balance sheets.
In addition to her career at SVB, Ann is a certified financial planner and certified equity professional. She has also spent time working with companies on pre-IPO planning and post-IPO management. Throughout her career, Ann has enjoyed connecting clients with professionals who can help solve their financial planning issues and educating them on how best to achieve their financial goals. In short, she loves helping people understand their financial life.
Ann holds bachelor’s degrees in international business and finance from Oregon State University. She also has an MBA in finance from the Haas School of Business at University of California, Berkeley. When she’s not working, Ann volunteers and fundraises for her local food bank and local schools. She loves spending time with her three children and her dog, reading, cooking and playing cards with friends and family. She particularly relishes the Texas Hold’em tournaments she holds at her home.
Danielle Greene has over fifteen years of experience addressing sophisticated trust and estate administration and planning matters, both as a professional fiduciary administrator and a practicing attorney.
Ms. Greene joined SVB Private in February, 2016 after serving as a Trust and Estate Advisor for a long standing multifamily office that provides investment management and fiduciary services to individuals and families. In that role, Ms. Greene was involved in all aspects of trust and estate administration; wealth planning, including the review of trusts and other estate planning documents; and client management. Additionally, Ms. Greene served on the company’s Fiduciary Risk Management and Trust Administration committees.
Prior to entering the private banking field, Ms. Greene was a practicing attorney. Her practice focused on estate planning, trust and estate administration, taxation, and fiduciary litigation matters. Her representations focused on high net worth individuals as well as corporate and individual fiduciaries. Ms. Greene is admitted to the Massachusetts, New York, and New Jersey bars.
Ms. Greene earned her Juris Doctor from Villanova University’s Charles Widger School of Law. Prior to law school, she obtained her Bachelor of Science in Accounting from Fairfield University.
Ms. Greene is actively involved in the Boston estate planning community and presents on topics related to trusts and estates. She is a member of the Boston Bar Association, where Ms. Greene serves on the Trusts & Estates Section Steering Committee as Co-Chair of the Trust Administration Committee and has previously served as Co-Chair of the Comminutions Committee. Ms. Greene is also a member of the Boston Estate Planning Counsel and the Trusts and Estates Consortium.
Christopher advises individuals and businesses on a range of tax planning and tax controversy matters at the federal, state, local, and international levels. He also serves as outside general counsel to a variety of companies, providing general corporate and related business guidance.
Christopher’s work on federal tax matters ranges from income tax controversies involving individuals and businesses to partnership structuring and corporate mergers and acquisitions. He regularly works with entrepreneurs and start-up companies, and is a nationally recognized expert on qualified small business stock (QSBS) and related section 1202 issues. He has been quoted in the New York Times, Bloomberg, and Business Insider regarding QSBS.
At the state level, in addition to income tax-related matters, Christopher counsels individuals and entities on issues involving California property taxes. In the international context, he has extensive experience with voluntary disclosures and related planning matters, as well as in-bound and out-bound corporate structuring.
Christopher has published extensively, with articles appearing in Tax Notes, the California Business Law Practitioner, and Law360. He also is a frequent speaker on tax issues to audiences in the United States and abroad. Christopher is certified as a legal specialist in taxation law by the California Board of Legal Specialization.
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