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Is it possible to sell stock to an ESOP and pay no federal or state taxes?

April 26, 2017ESOP Federal pay possible sell State taxes stock

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Is it possible to sell stock to an ESOP and pay no federal or state taxes?

1 Answer

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Yes. Shareholders in a closely held company can sell their stock to the Company’s ESOP and pay no taxes. There are certain regulations pertaining to this sale so a professional ESOP practitioner should be consulted.