IRS Tag

On June 5, 2017, the U.S. Supreme Court decided Advocate Health Care Network v. Stapleton, No. 16-74, resolving the question of whether church-affiliated hospitals’ employee defined-benefit pension plans qualify for the ERISA church plan exemption, despite those plans not having been originally “established” by a...

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Shares of an S corporation may not generally be owned by corporations, partnerships or nonresident aliens. Shares of an S corporation may be owned by individuals, estates, certain tax-exempt organizations and certain trusts. Trusts that are permitted to hold S corporation stock include: grantor trusts, testamentary...

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cular types of restrictions included in the entity’s governing documents. Taxpayers implementing proper discount planning have been able to reduce the federal transfer tax value of their family business interests by 25 to 45. However, Section 2704 authorized the Treasury to issue additional regulations in...

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