Recent Letter Ruling Allows Rollover of S Corporation ESOP Stock

BVResearch Pro
Willamette Insights
May 1, 2002
Robert Reilly, CPA
Robert Schweihs, ASA

Summary

In IRS Letter Ruling 200122034, the Internal Revenue Service ruled that a rollover of S corporation stock into an IRA does not terminate the corporationÆs S taxpayer status if the corporation repurchases the stock immediately. In this ruling, XYZ Comp ...
Recent Letter Ruling Allows Rollover of S Corporation ESOP Stock
PDF, Size: 168 KB