United States

The Tax Exchange - June 2017

Tax planning for ESOP-owned S corporations

TAX BLOG

Tax planning for ESOP-owned S corporations

The June 2017 Tax Court decision in Petersen is a good reminder of the unique tax considerations for S corporations owned by employee stock ownership plans (ESOPs).

  • June 21, 2017
Apportionment of net recognized built-in gains in California

TAX BLOG

Apportionment of net recognized built-in gains in California

S-corporations doing business in California and that have NRBIGs are required to apportion those gains to California. However, taxpayers and tax professors had questions.

  • June 09, 2017