Get the free GIFTS OF CLOSELY-HELD STOCK

1. You give stock to UAB 3. Donor s company or qualified individuals may purchase stock from UAB 2. You receive an income tax deduction 4. Cash is given to UAB Special Considerations The IRS may require the value of the transferred interest to be documented through a qualified appraisal. The IRS has ruled that you cannot legally bind a charitable organization to go through redemption at the time it receives the shares. For more information on closely-held stock or other planned gifts to...

How to fill out gifts of closely-held stock

How to fill out gifts of closely-held stock

1. First, gather all the necessary information and documentation related to the closely-held stock you want to gift.
2. Next, determine the value of the stock. This can be done by consulting a professional appraiser or using other valuation methods.
3. Once the value is determined, prepare a stock transfer form or certificate to officially transfer the ownership of the stock to the recipient.
4. Consider consulting a tax professional to understand the potential tax implications associated with gifting closely-held stock.
5. Notify the recipient about the gift and provide them with all the relevant documents and information related to the stock.
6. Finally, keep a copy of all the documents for your records and ensure that the transfer of ownership is properly documented.

Who needs gifts of closely-held stock?

1. Business owners who wish to transfer ownership of closely-held stock to family members or other individuals as part of their succession planning.
2. Investors who want to make charitable donations through gifting closely-held stock.
3. Individuals who want to take advantage of tax benefits associated with giving gifts of closely-held stock.
4. Those who want to provide financial support to others by transferring ownership of closely-held stock.

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