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An unpublished IRS private letter ruling has concluded that an S corporation ESOP can make a distribution of company stock to a participant's Individual Retirement Account (IRA) without breaking the S election.

On December 8, 2008, the IRS and the Treasury Department issued proposed regulations on the calculation of amounts includible in income under Section 409A(a) of the Internal Revenue Code and the additional taxes imposed by this section with respect to service providers participating in certain no

On October 23, the Internal Revenue Service issued an announcement with the 2015 dollar limitations for pe

The IRS created a revised three-page Employee Stock Ownership Plan Review Worksheet (PDF format) to be used in its initial review.

The IRS has announced COLA (cost of living adjustment) changes for 2022 retirement plan limits, with several changes of interest to ESOPs.

On October 20, the IRS released its revised dollar limitations affecting a variety of pension and retirement plans. Some limits are revised upward to reflect a cost-of-living adjustment.

In PLR 200108043, the IRS ruled on a case in which a subsidiary of a holding company with various operating subsidies went public. The holding company had been closely held, and none of the members of the holding company had been publicly traded.

In a briefing to the Profit Sharing Council of America, the IRS said that it is developing guidance to prohibit ESOP S corporation structures in which a management corporation is formed to siphon off most of the ESOP's benefits. Specifically, the IRS said it will address situations in which:

One of the most troubling Internal Revenue Service (IRS) rulings on employee stock ownership plans (ESOPs) has been reversed.

In a Technical Assistance Memorandum dated November 5, 2001 and recently released, the IRS ruled that distributions on ESOP stock in an S corporation ESOP must be based on account balances, not compensation.