X
01Jul

Corporation Partially Owned by ESOP Denied Deduction for Compensation Payments to ESOP Participants

A recent case in the Tenth Circuit Court of Appeals addresses the intersection of Employee Stock Ownership Plans (“ESOPs”) and the rules under Section 267 of the Internal Revenue Code related to the timing of deductions for payments to a related...
By: Hodgson Russ LLP
Source Url: https://www.jdsupra.com/legalnews/corporation-partially-owned-by-esop-88182/

Related

HSR Early Terminations Halted And FTC and DOJ Implement Temporary E-Filing During COVID-19 Telework Directive

In response to COVID-19, the Premerger Notification Office (PNO) at the Federal Trade Commission (FT...

Read More >

Calculated to Be Understood by the Average Plan Participant – How Does the DOL Score?

ERISA requires Summary Plan Descriptions and other disclosures to be "written in a manner calculated...

Read More >

WPI Wage Watch: Minimum Wage, Tip, and Overtime Developments (December Edition)

We remember when legislative and regulatory developments rarely occurred in December, but those days...

Read More >

COVID-19 Economic Crisis: Ensuring Protection for International Banking and Finance Investors and their Investments

Key Takeaways - The COVID-19 economic crisis has increased the risk of investment disputes in the b...

Read More >

At Last: DOL Announces Final Rule on Salary Threshold for White Collar FLSA Exemptions

On Tuesday September 24, 2019, the DOL announced its latest attempt to raise the minimum salary requ...

Read More >

CFIUS Publishes Proposed FIRRMA Regulations, Part 1: A Sea Change for Foreign Investments in U.S. Businesses

On September 17, 2019, the U.S. Department of the Treasury published proposed regulations to impleme...

Read More >