The most significant tax event in a business owner's career may be the potential taxes owed when selling a business. Tax code section 1042 is a popular tax planning option when selling a business to an ESOP, but it is not the only option. Section 1042 comes with requirements and restrictions that cause some owners to explore alternatives. The alternatives may include the installment sale approach, charitable gifting, qualified small business stock (tax code 1202), and other options. U.S. tax policy may change significantly with the new administration, which may change how owners view these options. Come to this panel to hear a discussion of the pros and cons of 1042 and other available options that owners are considering when selling stock to an ESOP.