This article discusses the tax shelter exclusion and how certain farm and nonfarm businesses will be considered tax shelters because they qualify as “syndicates.”
TAX ACCOUNTING
December 2019 - The Tax Adviser
ESTATES, TRUSTS & GIFTS
Split-dollar agreements and estate inclusions: Estate of Cahill
As a recent Tax Court case demonstrates, when dealing with property interests in certain cases, advisers must carefully consider whether Sec. 2036(a) can cause an estate inclusion of the property interests.
TAX CLINIC
credits against tax
EMPLOYMENT TAXES
expenses & deductions
GAINS & LOSSES
partners & partnerships
PERSONAL FINANCIAL PLANNING
COLUMNS
NEWS NOTES
STATE & LOCAL TAXES
TAX PRACTICE MANAGEMENT
PERSONAL FINANCIAL PLANNING
TAX TRENDS
INDEXES
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.
