EP27 - IRS and ESOPs - Allison Wilkerson ESOP Attorney Interview - Discussion on the Recent IRS review of ESOP Tax Schemes
This episode we are following up on the August IRS notification entitled “IRS cautions plan sponsors to be alert to compliance issues associated with ESOPs” Allison Wilkerson is a frequent speaker at ESOP conferences and works at McDermott Will and Emery out of Texas. She has a very strong background in working through complex IRS and DOL issues related specifically to ESOPs. She offers some insight into what this notification means as it relates to ESOPs. The highlights of this episode are going to help folks not be overly concerned with this notification by the IRS, however, Allison does point out areas that you should be aware of in putting together your ESOP and possible IRS exposure issues.