“S Corporations: New Regulations, Back-to-Back Loans an Adjusted Basis of S Corporation Debt,” by Leigh Griffith, TAXES Magazine
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Too many owner managers have overlooked employee ownership as a business succession solution. New tax exemptions should ensure that the indirect employee ownership business model achieves the recognition it deserves: one that provides a neat exit that is good for a business; good for employees and good for the UK economy.
Employee ownership (EO) is a great idea
EO is a great idea. EO delivers a significant and meaningful stake in a business to all employees. […]
In a private letter ruling (PLR 201440013), the IRS allowed individual shareholders of an S corporation to increase their basis in the stock of the S corporation to the extent the taxpayers were allocated a share of certain low-income housing awards received by an underlying partnership from the state.
The S corporation and a third-party developer were partners in a partnership that developed, financed, constructed, owned and operated a low-income rental apartment complex, enabling the […]