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 Regulations superseded from the amendments of corporation regulations; Termination of corporate election; Rule on the effect of the holder of ...
New questions spring from the application of ESBT provisions. (electing small business trust)Kolk, Michael
Which may explain why Donald Trump is considering a visit to the U.S. Capitol early next week, as House Republicans consider who should be their next speaker. Trump is ineligible for the post under the party’s own rules barring anyone under indictment. But that hasn’t sunk in wit...
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...
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...