Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

On December 2, 2013, the United States Tax Court issued its opinion in Crescent Holdings, LLC et al vs. Commissioner, 141 T.C. No. 15 (12/2/13) wherein it examined the tax rules applicable to transfers of partnership interests as compensation.

Crescent Holdings, LLC (“Holdings”) was a limited liability company and the parent company of Crescent