2023-08-14 IRS Issues Warning for Certain ESOP Programs
Aug 12, 2023•50 min
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Episode description
This week we look at:
Deduction for non-qualified deferred compensation not accelerated for the seller when the liability is transferred to the buyer of a business Tax professionals and taxpayers warned about issues with certain employee stock ownership plan (ESOP) arrangements Reduction of non-recourse debt amount was added to sales proceeds, not a cancellation of debt so no §108 relief was available
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