Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|The Truth About S Corporation ESOPs|
Employee Benefits Law Group
Jan. 22, 2021
"The tax savings opportunities for S corporation ESOPs are substantial, providing fertile ground for creative tax structuring and strategies.... [In 2001,] Internal Revenue Code Section 409(p) was added to limit the tax benefits of ESOPs maintained by S corporations to those in which the ESOP is designed to provide a meaningful benefit to a broad base of rank-and-file employees. Section 409(p) is essentially an ownership concentration test designed to assure broad-based employee ownership within the ESOP."
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