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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Episodes
Monday Aug 14, 2023
Federal Tax Update: IRS Warning for Certain ESOP Porgrams
Monday Aug 14, 2023
Monday Aug 14, 2023
https://vimeo.com/854043438?share=copy
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
Version: 20241125