Reports the issuance of the final regulations relating to electing small business trusts (ESBT) by the Internal Revenue Service in the U.S. Legislation of the Small Business Job Protection Act of 1996; Qualification and taxation of ESBT; Content of the Preamble.Wells...
New questions spring from the application of ESBT provisions. (electing small business trust)Kolk, Michael
New ESBT rules receive mixed reviews.(electing small business trusts)Holets, David J
Focuses on two sections of the Small Business Job Protection Act of 1996 in the United States. Sections dealing with the Electing Small Business Trust (ESBT); Workability of the ESBT; Limitation of ...
Focuses on the need of the United States Treasury Department and Internal Revenue Service for electing small business trust (ESBT). Purpose of S corporations; Context of the Small Business Job Protection Act of 1996; Procedures for trustees to elect eligible trust to ESBT.Aucutt...
The new rules flesh out the mechanics of the ESBT election, operation, and termination, including the tax consequences of the grantor portion, S portion, and non-S portion of the trust, and clarify the definitions of beneficiary and eligible current beneficiary. INSET: Practice Notes.. [ FROM...