The S corporation ESOP model is just a few decades old, and like any youth it can create both pride and concern in its parent, which in this case is the company ESOP sponsor. There are clearly many benefits, financial and otherwise, associated with the S corporation ESOP model. However, since there is rarely a free lunch in the tax law, there are also various traps for the unwary in administering an S corporation ESOP. This book, now in a second edition updated in 2024, describes some of t...