Language Switcher Module

IRS Rules Governing Deferred Compensation (Section 409A) Allow for Significant Penalties

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  "post_summary": "<p>Whether you are a CFO holding stock options or an employee looking forward to a year-end bonus, you need to be aware of the new provisions in Section 409A of the IRS code.&nbsp;Broadening the definition of deferred compensation, the rules now cover stock plans, option plans, stock appreciation rights (SARs), bonus arrangements, and more. Penalties for noncompliance are significant, making it essential that you are aware of how your compensation is valued and reported.</p> \n",
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Cash Held in Partnerships May be Subject to Significant Discounts

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  "post_summary": "<p>Often, cash and cash equivalents held by partnerships are considered by the IRS to be subject to no discounts or to only minimal discounts, because of the obvious liquidity. However, let’s take a look at the recently decided Tax Court case, Estate of Kelley v. Commissioner, T.C. Memo 2005-235, which considers the question of discounts applied to the interests of a family limited partnership held by the Estate. The partnership’s assets consisted solely of cash and certificates of deposit. In this case the overall discount allowed by the court was an amazing 32%! Why?</p> \n",
  "title": "Cash Held in Partnerships May be Subject to Significant Discounts",
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