Retirement Plans and Executive Compensation »
Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble
When planning for retirement an individual retirement account (IRA) is a very common tax friendly way of saving. For most people that have a retirement plan, whether an IRA, 401(k), 403(b) or others, their
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Guidance and Examples for Making an 83(b) Election
The Internal Revenue Service (IRS) has issued Revenue Procedure 2012-29 that provides sample language for making an 83(b) election as well as a number of examples of the tax consequences of making an 83(b)
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McDonald’s Franchise Owners Allowed Deduction to Correct Abusive Tax Scheme
The U.S. Tax Court recently held that twelve McDonald’s franchise owners were not attempting to avoid taxes by purchasing shares in an S Corporation and were allowed a deduction for $2,969,000. In the late
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401(k)
Top Takeaways 1. 401(k) is a tax-qualified deferred compensation plan 401(k) is a tax-qualified deferred compensation plan offered to employees by employers as a common retirement plan option. With a 401K, an employee elects
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Tax Beneficial Retirement Plans for Self-Employed
Often self-employed individuals struggle to plan for retirement without the backing of traditional business retirement plans. But self-employed individuals are not overlooked by the tax code. Here are a few tax-beneficial retirement plan options
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Employee Stock Ownership Plans (ESOP)
Top Takeaways 1: ESOP has a number of tax advantages The basic requirement of an Employee Stock Ownership Plan, ESOP, is that it is a stock bonus plan, but it may also be a
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