Minimum required distribution rules clarified again
Article Abstract:
The fifth and final IRS guidance to be issued until the release of regulations concerning required distribution rules amendments to the Small Business Job Protection Act of 1996 is IRS Notice 97-75. The amendments to the Act concerned rules in IRC section 401(a)(9). The five issues included in the notice are coordination of subsections 401(a)(4) and (a)(9), rollover eligibility, option to retain prior beginning date rules, actuarial increases, and halting previously initiated distributions.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1998
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Operating retail clothing and optical goods businesses in same shopping mall not a single line of business for purposes of qualified employee discount rules
Article Abstract:
The IRS ruled that optical goods and clothing stores in the same shopping center were not located on the same premises and could therefore not be considered a 'single line of business' under the 'qualified employee discount exclusion' of IRC section 132(a)(2). The corporation which owned these two subsidiaries was a controlled group under IRC sections 414(b) and 414(t), so the IRS ruling also meant that controlled group activities do not qualify as a 'single line of business.'
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1993
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Primer on qualified plans and IRA distribution rules
Article Abstract:
Advance planning of distribution technicalities from qualified pension plans and IRAs is advisable to avoid unnecessary taxation or reduce the tax rate. Planning includes decisions balancing interests such as the need for current income versus deferral for the benefit of beneficiaries. Choices as to form, time, and recipient of benefits determine type of tax, tax rates, penalties, and administration costs. Reference to financial charts provided may be helpful.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1997
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