Daily Tax Update - Treasury And IRS Shut Down S Corporation ESOP Abuses.
Mondaq Business Briefing › Nbr. 2004, May 2004
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Daily Tax Update - Treasury And IRS Shut Down S Corporation ESOP Abuses.
WASHINGTON PHOENIX LOS ANGELES LONDON BRUSSELS
Today, the Treasury Department and the IRS issued a ruling (Revenue Ruling 2004-4) to shut down abusive transactions involving "S corporation ESOPs." The ruling makes these "listed transactions" for tax-shelter disclosure purposes. An employee stock ownership pla...See the full content of this document
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