This article discusses difficult tax problems faced by executive officers whose compensation is clawed back and the limited availability of relief under Sec. 1341.
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October 2016 - The Tax Adviser
- Magazine
- October 2016

FOREIGN INCOME & TAXPAYERS
IRS Revises Forms 1042-S and W-8BEN-E for 2016
The IRS issued 2016 versions of Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form W-8BEN-E, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities).
ESTATES, TRUSTS & GIFTS
Recent Developments in Estate Planning: Part 2
This is the second part of a two-part article examining developments in estate, gift, and generation-skipping transfer tax, and trust income tax.
TAX CLINIC
corporations & shareholders
credits against tax
employee benefits & pensions
expenses & deductions
FOREIGN INCOME & TAXPAYERS
INDIVIDUALS
PERSONAL FINANCIAL PLANNING
STATE & LOCAL TAXES
COLUMNS
NEWS NOTES
TAX PRACTICE & PROCEDURES
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.