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2024-06-10 Estate Tax Problems for Buy Sells Funded by Life Insurance

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Manage episode 422746829 series 2390416
Content provided by The Ohio Society of CPAs. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Ohio Society of CPAs or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week we look at:

  • US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value
  • Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA
  • IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments
  • What options exist for an employer with a pending ERC claim?
  continue reading

103 episodes

Artwork
iconShare
 
Manage episode 422746829 series 2390416
Content provided by The Ohio Society of CPAs. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Ohio Society of CPAs or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week we look at:

  • US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value
  • Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA
  • IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments
  • What options exist for an employer with a pending ERC claim?
  continue reading

103 episodes

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