The IRS, with an affirmative ruling from the Tax Court, has disallowed an S corporation's deduction of the unpaid portion of the payroll expenses for employees who participated in the S corporation's employee stock ownership plan (ESOP). The IRS disallowed the deduction under IRC Sec. 267(b), saying that due to the ownership interest of the employees in the S corporation, they were related parties. The unpaid portion of payroll expenses would be deductible in subsequent years, once payment was made.
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Wednesday December 5 2018 | Hosted at the MSU Management Education Center in Troy, MI | 8:00AM–6:00PM
Wednesday November 28 2018 | 7:00AM—11:30AM |
Hosted at the Detroit Athletic Club