Shows
TFE Talks: Navigating Wealth, Business, and LegacyTrusts, Taxes & Tactics: Mastering S Corporation Estate PlanningIn this episode of TFE Talks, Jordan Goewey and Parker Baker break down the complexities of holding S corporation shares in trust, exploring the differences between grantor trusts, QSSTs, and ESBTs, and their respective tax implications. They discuss the importance of careful estate and business planning to avoid costly mistakes like inadvertent S corporation termination, and offer practical advice for business owners, including working closely with CPAs, establishing stock restriction agreements, and building flexibility into estate plans. Listeners will gain actionable insights on protecting their business and legacy through informed trust and tax strategies. Don’t miss this enlightening co...
2025-11-0515 min
The Willie and Trusty Show about Estate PlanningS Corporations and TrustsThis episode examines the intricacies of using trusts to own S corporation stock, focusing on the permissible trust structures under the Internal Revenue Code. It explains the distinctions between Grantor Trusts, Qualified Subchapter S Trusts (QSSTs), and Electing Small Business Trusts (ESBTs), highlighting their respective tax implications and suitability for various estate planning goals. Practical drafting tips for attorneys and other professionals involved in structuring such arrangements emphasize the importance of precise language and timely elections to maintain S corporation status. Finally, it underscores the need for professional guidance in navigating the complex rules governing trust ownership of S corp...
2025-01-0614 min
Federal Tax Update Podcast2023-09-05 Electronic Filing of Information Return Mandate IssuesThis week we look at: HHS sends letter to DEA recommending that marijuana be reclassified as a Schedule III drug General guidance issued determining tax status of 2023 state payments - and IRS asks for comments prior to giving additional guidance IRS clarifies limits of 2007 CCA on ESBTs and NOLs News release on electronic filing of Form 8300
2023-09-0252 min
ACTEC Trust & Estate TalkThe Intersection of S Corps., ESBTs, California Tax and BeerWhen it comes to trust planning, ESBTs, and S Corps, sometimes you can do everything right and still be subject to California Entity Tax. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.
2022-08-1009 min