This item explores how certain tax provisions may affect potential investors planning to indirectly invest in collectibles.
Tax Planning; Tax Minimization
The TCJA significantly affected the tax treatment of executive compensation and employee fringe benefits, amending deduction limitations in Sec. 240 and Sec. 162(m) and enacting a new excise tax under Sec. 4960 on excessive tax-exempt organization executive compensation.
A distribution that meets the definition of a coronavirus-related distribution carries several advantages and tax planning opportunities.
The article discusses the June 2020 proposed regulations and how they compare to the prior guidance in Notice 2018-99.