Blog Posts

Current Articles | RSS Feed RSS Feed

General Mills, Inc. v. United States, No. 08-1638 (8th Cir., January 26, 2009)

Posted by Aaron Juckett on Wed, Jan 28, 2009
  
  
  
  

In General Mills, Inc. v. United States, No. 08-1638 (8th Cir., January 26, 2009), the U.S. Court of Appeals for the Eighth Circuit reversed General Mills v. United States, No. 06-3547, which allowed a company to use deductible redemptive dividends to fund ESOP distributions, and found that IRC Section 162(k)(1) – Stock reacquisition expenses bars a deduction.

Tags: , ,

Join Me on the Blog

Your email:

Follow Us

esop-feasibility-annalysis-button-small

2012 IRS Pension Plan Limits

401(k) Deferral Limit - $17,000

Annual Additions Limit - $50,000

Maximum Compensation Limit - $250,000

Catch-Up Contribution Limit - $5,500

Highly Compensated Employee - $115,000

ESOP 5-Year Distribution Threshold - $1,015,000

ESOP Additional Year Threshold - $200,000

2012 Pension Plan Limits

1989 - 2012 Plan Limits

Latest Posts