NUA Triggering Event by an employee owned company?
Would you be eligable to use NUA if an employee owned company was offering to buy back all of the stock from it’s employees?
Would you be eligable to use NUA if an employee owned company was offering to buy back all of the stock from it’s employees?
Permalink Submitted by Alan Spross on Sat, 2008-04-12 02:28
It would probably have to be from former employees with shares bought back after a qualified LSD of the shares into a taxable account of the former employee. If the employee is still active, the acquisition would be within the plan and therefore would not follow the required LSD.