EBP1933. The Specificity of an ESOP's Tax Rules

Track: 
Plan Design & Tax Compliance
Field of Study: 
Taxes
CPE Credit: 
1.5
Knowledge Level: 
Advanced
Advanced Preparation: 
None
Prerequisite: 
Extensive qualified retirement/ERISA plans/employee benefit plan knowledge or experience.

Tuesday, May 7, 2019
 
10:15AM-11:30AM

ESOPs are a unique type of qualified retirement plan. This unique aspect of owning and leveraging employer shares brings about unique tax consequences. This session will review tax rules specific to structuring ESOP transactions (such as S corporation vs. C corporation treatment and 1042 tax deferral) and existing ESOP sponsors (such as deduction limits, book-tax differences, and section 409(p).) The session assumes intermediate competency related to ESOPs. Auditors will benefit from the material as it is based on ESOP operations that have financial statement effects.

Learning Objectives:

  • Assess effects of income tax rules on a company that sponsors an ESOP
  • Interpret necessary facts for accurate tax compliance for ESOP sponsors
  • Categorize issues related to ESOP, including section 409(p) issues


SESSION SPEAKER(S)

CPA
Tax Senior Manager | RSM US LLP
Partner | Husch Blackwell LLP