Situation: A growing distributor wanted to retain two key employees without transferring ownership. The employees were also unable to purchase shares. Solution: Our team developed a Growth Appreciation Rights Program that allowed the employees to participate in the company’s future growth without receiving ownership interests. Impact: Both employees remained actively involved in daily management, while […]
Situation: A distributor paid federal excise taxes on fuel used for on-site refrigeration and off-highway vehicles moving goods between loading docks. Solution: Our team identified qualifying fuel use and filed a refund claim for the excise taxes paid. Impact: The distributor received a significant tax refund and identified opportunities to reduce future fuel-related tax costs.
Situation: A distributor owned its building through a separate entity, and the rental income was treated as passive income subject to the 3.8% Net Investment Income Tax. Solution: Tronconi Segarra & Associates made a grouping election that combined the rental activity with the distribution business for the applicable tax treatment. Impact: The election eliminated the […]