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2024-06-10 Estate Tax Problems for Buy Sells Funded by Life Insurance

 
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Manage episode 422726533 series 1291270
Content provided by Kaplan Professional Education, Edward Zollars, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaplan Professional Education, Edward Zollars, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week we look at:

  • US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value

  • Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA

  • IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments

  • What options exist for an employer with a pending ERC claim?

An audio only broadcast for this week’s update can be streamed or downloaded below:

A PDF with the slides and links to the documents cited can be downloaded below.

2024-06-09 Current Federal Tax Developments

  continue reading

123 episodes

Artwork
iconShare
 
Manage episode 422726533 series 1291270
Content provided by Kaplan Professional Education, Edward Zollars, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaplan Professional Education, Edward Zollars, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week we look at:

  • US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value

  • Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA

  • IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments

  • What options exist for an employer with a pending ERC claim?

An audio only broadcast for this week’s update can be streamed or downloaded below:

A PDF with the slides and links to the documents cited can be downloaded below.

2024-06-09 Current Federal Tax Developments

  continue reading

123 episodes

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