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...esses goals, directions, attitudes, and structure. It does not discuss procedu...asy to assume that everything is known and under control-but what you don't kn...

... computed. IRC Section 3121(v ) . Payments to S corporation stockholder Payments to an S corporation stockholder are normally not compensation, and there is no withholding. Rev Rul 59-221, 1959-2 CB 225. However, if such payments are made to an officer or director, withholding may be required. See 1992 Pub. 589, Tax Information on S Corporations, p. 11. Continuing as a solicitor Not infrequently a retiring producer wants to continue to place some new business as a solicitor. A solicitor should be an independent ... (10), Reg. 1-1402(a )17(c )( 1 ) . Covenants not to compete Generally, non-competition payments are not subject to withholding. H. R. Barnett (1972) 58 T.C. 284. However, where a corporate officer had a duty to consult with the corporation and could not consult for others, a duty to withhold was found. F. W. Stevens (CA11 1983) 707 F.2d. 478. The moral seems to be not to link a covenant not to compete ... from earnings of the business, with as little down as possible. He typically wants to be able to depreciate as many of the assets he acquires over as short a time as possible, to reduce the tax cost of the acquisition. He also wants to avoid liabilities of the acquired business, such as errors & omissions exposure. The seller may wish to defer tax from the sale. He normally wants as much of a down payment as possible. He typically would prefer to have capital gains treatment for the gain from the ...

... ETC. 5.1 Objectives of buyers and sellers of agencies. In the typical s...t of a decedent, suffering both estate and income tax (with

...ission of the entity Payments mandated by law, such as medical and indemnity payments to injured workers ...coordinate insurance-buying expertise, and (2) you'll upgrade the risk manager...