ESOP Regulations on Transactions Involving S Corp Securities

December 21, 2006 – The IRS has issued final regulations governing the allocation of S corporation securities in ESOP plans. These final regulations are intended to address potential abusive tax transactions with respect to ESOPs. These regulations may be accessed as follows.
http://a257.g.akamaitech.net/7/257/2422/01jan20061800/edocket.access.gpo.gov/2006/pdf/E6-21669.pdf