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ESOP Style Over Substance Loses in Tax Court
“These transactions lacked economic substance and economic purpose and were entered into for the primary purpose of obtaining tax benefits.” In Weekend Warrior Trailers, Inc., et al. v. Commissioner,...
View ArticleFree IRS Webinar about ESOP Determination Letters on Oct. 28, 2011
Tomorrow, Oct. 28, 2011, the IRS is holding a free webinar on ESOP determination letter applications from 2pm ET to 3pm ET. Even if you do not handle ESOPs, it is worth taking an hour to attend this...
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ESOP/KSOP Determination Letter Backlog Here to Stay (for now)
I was fortunate to attend the IRS phone forum on ESOP determination letters last Friday. The webinar was very good. The IRS addressed a number of outstanding issues, and provided some handy tips....
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