2023-08-14 IRS Issues Warning for Certain ESOP Programs - a podcast by The Ohio Society of CPAs

This week we look at:

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

Further episodes of Federal Tax Update Podcast

Further podcasts by The Ohio Society of CPAs

Website of The Ohio Society of CPAs