Welcome to Citrin Cooperman's Taxes in Ten podcast. Each episode will be around 10 minutes long and feature our Tax Practice Leader, Joe Bublé, interviewing different subject matter professionals on a variety of tax subjects.
The proposed tax provisions in the Biden Administration’s American Families Plan could provide substantial incentives for business owners to discuss the creation of an Employee Stock Ownership Plan (ESOP). In this episode of Taxes in Ten, Joe Bublé is joined by Citrin Cooperman Trust & Estate Practice Leader Howard Klein to learn more about ESOPs, including: An overview of what an ESOP is including financial and non-financial benefits, the common misconceptions about ESOPs, and how the current tax proposals make an ESOP more attractive.
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