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Archive for the ‘ESOPs’ Category

Jay Van Heyde in i4 Business on ESOPs

Published: December 3rd, 2019

By: Joseph “Jay” Van Heyde II

Jay Van Heyde is quoted in the article entitled, ESOPS Give Employees and Exiting Owners ‘Skin in the Game’, published in the November 2019 edition of i4 Business magazine.  The articles gives readers unique insight on how companies can benefit from an Employee Stock Ownership Program. “ESOPs work best for certain types of companies,” Van […]

Jay Van Heyde Gives Legal Update in ESOP|Report

Published: October 28th, 2019

By: Joseph “Jay” Van Heyde II

Jay Van Heyde authored a guest column entitled, Ninth Circuit Reverses Position on Arbitration of ERISA Claims, published in the September issue of ESOP|Report, a monthly publication by the ESOP Association. The Ninth Circuit Court of Appeals recently issued both a published opinion (Dorman v. The Charles Schwab Corporation, 2019 WL 3926990 (9th Cir., August […]

Dean Mead and Berman Hopkins Present ESOP Seminar

Published: October 22nd, 2018

By: Joseph “Jay” Van Heyde II

Dean Mead and Berman Hopkins present an educational seminar on Employee Stock Option Programs Dean Mead Attorney Jay Van Heyde and Berman Hopkins Managing Partner Phil Hayes will provide a comprehensive and practical guide to help you determine if an ESOP is right for your company. They will share how to enhance your company’s legacy and benefits plan with an […]

Jay Van Heyde Speaks to Construction Companies about ESOPs

Published: October 2nd, 2018

By: Joseph “Jay” Van Heyde II

Dean Mead ESOP attorney, Jay Van Heyde, and PCE partner, Will Stewart, presented an informative seminar to the ABC Central Florida Chapter on Sept. 12th. Their topic covered key benefits of creating an ESOP for founders and owners in the construction industry. View their full presentation video here.

ESOP Participants Treated as Related Persons for Deduction Deferral Purposes Under Section 267(a)(2)

Published: October 13th, 2017

By: Stephen R. Looney

Section 267(a)(2) contains a matching rule which requires that deductions resulting from items of expense and interest may not be taken in an earlier taxable year from the one in which the payee includes such item is gross income if the payor and payee are “related persons” within the meaning of Section 267(b).  Accordingly, whether […]

Stock Surrender and Repurchase Lacks Economic Substance

Published: September 27th, 2017

By: Stephen R. Looney

It has long been a basic tenet of federal tax law that, in order to be respected for tax purposes, a transaction must have economic substance.  In a recent decision, the Tax Court once again held that a purported sale or exchange lacking in economic substance will not be respected.  The case also demonstrates that […]

IRS’s Informal S Corporation No-Rule List Includes Three New Items

Published: March 16th, 2017

By: Stephen R. Looney

A taxpayer may, for a fee, request a written letter ruling from the IRS interpreting and applying tax laws to the taxpayer’s represented set of facts. However, there are some issues in which the IRS will not issue a letter ruling. Taxpayers should note that the IRS has recently added three new issues to its […]

The Pros & Cons of ESOPs – Is This Succession Planning Tool for You?

Published: October 26th, 2016

By: Joseph “Jay” Van Heyde II

Many business owners who are at or nearing retirement age are facing the difficult task of developing a business succession plan in order to reap the benefits of years spent developing a successful business. Often times, there is no “next generation” to inherit or carry on the family business or no team of key management […]