Ed Zollars - IRS issues warning for certain ESOP programs
August 14, 2023
Stay up to date on federal tax developments with this weekly tax webinar by Ed Zollars, CPA-AZ
- 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