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Final Regs: Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan (PDF)
Internal Revenue Service [IRS] Link to more items from this source
Aug. 30, 2006
4 pages. Excerpt: This document contains final regulations under sections 162(k) and 404(k) of the Internal Revenue Code (Code) providing that a payment in redemption of employer securities held by an employee stock ownership plan (ESOP) is not deductible.... These regulations are effective on August 30, 2006.... These regulations apply with respect to payments to reacquire stock that are made on or after and amounts paid or incurred on or after August 30, 2006.

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