New questions spring from the application of ESBT provisions. (electing small business trust)Kolk, Michael
Reports the issuance of regulations on the qualification and treatment of electing small business trusts by the U.S. Internal Revenue Service and Treasury. Regulations superseded from the amendments of corporation regulations; Termination of corporate election; Rule on the effect of the holder of ...
Lawyers involved in estate planning for family-owned corporations are aware that since 1996, it is possible for the stock of an S corporation to be held by an Electing Small Business Trust (ESBT). 1 Unlike other trusts permitted to hold S corporation stock, an ESBT could beCorneel, ...
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...