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Live Webcast Replay

Management Company ESOP Structures and the Insurable Interest Doctrine


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   4.1
Category:
ACPEN Industry Institute |  ACPEN Tax Institute |  Tax |  IRS Approved
Faculty:
David Randall Jenkins, Ph.D.
Course Levels:
Intermediate
Duration:
2 Hours
Product Type:
Live Webcast Replay
License:


Description

Policy compliant management company C or S corporation ESOP structures offer several advantages when cast in a Section 409(p) policy compliant economically substantive succession plan. As it turns out, Section 409(p) policy compliance coalesces insurable interest doctrine policy considerations. The result proves awesome. Extant life insurance policy cash values and future life insurance premiums effectively transform into pre-tax costs while the death benefit remains tax-free. This paper explains.

Syllabus

Lesson 1.

Introduction

Lesson 2.

C versus S Corporation Leveraged ESOP Distinctions

Lesson 3.

The Management Company C and S Corporation ESOP Structure

Lesson 4

Life Insurance Funded Economically Substantive Succession Planning Management Company ESOP Structures

Lesson 5.

The Insurable Interest Doctrine    

Lesson 6

Conclusion

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives

*Recognize retirement plan characteristics that correctly distinguish ESOPs from all other retirement plans  

*Recognize Professor Simons’ Four Levers and the Balanced Scorecard’s Four Perspectives correctly distinguish the Economically Substantive Succession Planning Four Stages  

*Recognize the Section 409(p) impounded economically substantive succession planning policy compliance conclusive presumption is an affirmative defense to Section 404(k)(5)(A) substance over form IRS C corporation reasonable applicable dividend challenges  

*Recognize Section 409(p) impounded economically substantive succession planning policy compliance and insurable interest doctrine policy compliance correctly occupy the same Four Stages space when measured against the limits of the entrepreneur’s semi-retirement, complete retirement, and physical life


Major Subjects

*General Employee Stock Ownership Plan (ESOP) characteristics    

*Hierarchical quaternary order economically substantive succession planning management control system strategies and definitions:  The Entrepreneurial Stage, The Protectionist Stage, The Separate Entity Stage, & The Social Policy Stage

*Section 409(p) economically substantive succession planning policy continues contributions to America’s productivity beyond the limits of the entrepreneur’s semi-retirement, complete retirement, or physical life  

*C and S corporation leveraged ESOP distinctions  

*Reasonable C corporation leveraged ESOP loan repayment applicable dividends and the Section 409(p) impounded economically substantive succession planning policy compliance conclusive presumption affirmative defense  

*The insurable interest doctrine  

*Coalescing Section 409(p) impounded economically substantive succession planning and insurable interest public policies


Course Materials

Faculty

David Randall Jenkins, Ph.D.'s Profile

David Randall Jenkins, Ph.D. Related seminars and products: 2


David Randall Jenkins, Ph.D., received his doctorate in accounting and a master’s in accounting with an emphasis in tax from the University of Arizona. He has taught financial, managerial, and tax accounting courses at both the graduate and undergraduate levels. Dr. Jenkins is an AACSB academically qualified business school and tax professor owing to his peer reviewed journal article publications. His company, Algorithm LLC (algorithm-llc.com), is an IRS Approved Continuing Education Provider.  Dr. Jenkins may be contacted at tucjenkins@aol.com.


Additional Info

Basic Course Information

Original Recording Date

10/25/2016


Date Added to Catalog

10/12/2016


Prerequisites

This webcast is an intermediate continuing education webcast.  

It is assumed the webcast participant has achieved the following related webcasts in advance of this webcast:   Retirement Plan Management and Investment Risk Diversification Standards, Management and Investment Risk Diversification Indices, Prohibited Transaction Chinese Walls, Problematic Self-Directed Retirement Plan Activities, Changing ERISA’s Disqualified Person Criterion, Got Your Assets Covered, Resolving the Passive Custodian Paradox, Section 409(p)’s Economically Substantive Succession Planning Policy Implications


Advanced Preparation

None


Designed For

*CPAs

*Attorneys

*Enrolled Agents

*Enrolled Retirement Plan Agents

*Self-directed Retirement Plan Fiduciaries, Custodians, and Administrators  

*Self-directed Retirement Plan Account Holders

*Tax Return Preparers    


Course Developer

David Randall Jenkins


Yellow Book

No


Additional Information

Instructional Delivery Method

Group Internet Based


Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com(972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements

Online Registration


Promo Video

Reviews

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Overall:      4.1

Total Reviews: 10

Comments

Carl C

"interesting course"

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