ESOPs Fable
Article:
Once upon a time there were two companies, Hare Industries and Tortoise Enterprises. Both companies were reasonably successful, comfortably profitable, privately owned companies. Seeking ways to share ownership with employees, both company’s owners and managers sought advice from professionals.
Published on June 01, 2011
Deduction for ESOP Distributions Disallowed
Article:
The Eighth Circuit reversed a district court and held that a corporation was not entitled to a deduction for cash distribution redemptive dividends paid by the corporation’s employee stock ownership plans to plan participants who left the corporation.
Published on January 28, 2011
Benefiting From Unique Attributes of ESOPs
Article:
An employee stock ownership plan (ESOP) is a stock bonus plan or a combination of a stock bonus plan and money purchase pension designed to invest primarily in stock of the employer
Published on April 30, 2012
Tracking Tax Basis in an S Corp. ESOP
Article:
...Editor: Frank J. O'Connell, Jr., CPA, Esq. Employee stock ownership plans (ESOPs) currently cover 10 million employees in the U.S. participating in approximately 11,000 plans, according to the ESOP Association. With the number of plans expected to increas
Published on April 20, 2010
Current Developments in S Corporations (Part II)
Article:
This article covers S corporation operational issues.
Published on May 10, 2010
AICPA News Update - January 11, 2013
Newsletter:
In this issue: IRS Delays Start of Tax Season to Jan. 30; AICPA Survey: Most AICPA Members Believe Deficit Reduction Should Be Government’s Top Economic Priority; AICPA and NYSSCPA Release Modifications of Form TC309 for NYC Certiorari Filings; Have You Seen the New Journal of Accountancy Mobile Website?; Free Webinar:
Published on January 15, 2013
Partners Limited Liability and Self-Employment Tax
Article:
The decision in Renkemeyer, Campbell & Weaver, LLP, signals that special allocations not supported by a written partnership agreement and without substantial economic effect will not withstand an IRS challenge and that classification of an interest in a partnership as a limited partner interest should not be predicated simply on
Published on June 30, 2011
Make Room on the Shelf One More Tax Reform Report
Article:
Annette Nellen
Published on January 28, 2011
Current Developments in Employee Benefits and Pensions (Part II)
Article:
This two-part article covers significant developments in late 2009 and 2010 in employee benefits, including executive compensation, health and welfare benefits, qualified plans, and employment taxes. Part II focuses on guidance released and changes to the rules for executive compensation and qualified plans.
Published on January 28, 2011
Current Developments in S Corporations (Part II)
Article:
This article provides an annual update of recent IRS rulings, guidance, and other developments concerning S corporations. It discusses S corporation eligibility, elections, termination issues, second class of stock, and trusts owning S corporation stock.
Published on April 20, 2012
Current Developments in Partners and Partnerships
Article:
This article reviews and analyzes recent rulings and decisions involving partnerships.
Published on August 24, 2012
Current Developments in S Corporations (Part II)
Article:
This article discusses S corporation eligibility, elections, and termination issues from the period July 2009–July 2010.
Published on November 01, 2010
Current Developments in S Corporations
Article:
During the period of this S corporation tax update, some major changes that directly affect S corporations took place. This article also presents tax planning ideas for S corporations and their shareholders.
Published on September 30, 2012
Retirement Plans, IRAs, and Annuities Avoiding the Early Distribution Penalty
Article:
This article discusses how the 10% penalty on early distributions and the exceptions apply to various types of plans, accounts, and annuities.
Published on June 16, 2011
Current Developments in S Corporations (Part II)
Article:
This article discusses S corporation eligibility, elections, and termination issues, including guidance for changes made by the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005 , significant issues related to second class of stock, and a notice that provides a simplified method to make an
Published on May 10, 2010