The Employee Plans Compliance Resolution System (EPCRS) is a powerful self-correction tool provided by the IRS, giving plan sponsors the opportunity to right almost any self-identified error under its three component programs. But what about errors ...
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ESOP Tax Benefits: A Brief Overview
ESOPs, like all investment vehicles, have certain tax considerations. We provide the guidance you need to understand ESOP's tax features and benefits, and design your ESOP to best suit the needs of all parties involved. Here are some ways tax law can ...
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Understanding ESOPs: How To Determine If An Employee Stock Ownership Plan Is Right For You
An Employee Stock Ownership Plan (ESOP) offer compelling advantages for business owners, companies and their employees. Out of all the business planning options out there, they stand out because of their flexibility.
This second installment of ...
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ESOP Reshuffling – Good For Everyone On Deck … And Off
There are a variety of options for ESOP companies looking to maximize stock allocations to active participants, minimize stock allocations to terminated participants, and efficiently use the cash within the trust to accomplish these ...
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Plan Amendments: ‘How To’s’ Of Plan Administration
Improperly amending a retirement plan can jeopardize the plan's tax-qualified status. For health benefit plans or other welfare plans, it can be the prospect of a recovery for the plaintiff's lawyers seeking benefits for their individual ...
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The S Corporation ESOP Structure
The significant tax savings heralded in the tax press for the S Corporation ESOP structure depend on the strategy for the use of the ESOP, as well as the strategy for using the cash that the plan might be able to accumulate in lieu of paying it into ...
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