I.R.C. § 405

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[§405. Repealed. Pub. L. 98–369, div. A, title IV, §491(a), July 18, 1984, 98 Stat. 848]

USC 2024 ed., current through 2025-01-06 · current

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[§405. Repealed. Pub. L. 98–369, div. A, title IV, §491(a), July 18, 1984, 98 Stat. 848]

Source credit, amendments & notes

Statutory Notes and Related Subsidiaries

Effective Date of Repeal

Repeal applicable to obligations issued after Dec. 31, 1983, see section 491(f)(1) of Pub. L. 98–369, set out as an Effective Date of 1984 Amendment note under section 62 of this title.

Rollover of Existing Bonds Into Qualified Employer Plans

Pub. L. 98–369, div. A, title IV, §491(c)(1), (f)(2), July 18, 1984, 98 Stat. 848, 853, provided that, applicable to redemptions after July 18, 1984, in taxable years ending after such date, subsec. (d)(3)(A) of this section, as in effect before its repeal, is amended to read as follows:

"(A) In general.—If—

"(i) any qualified bond is redeemed,

"(ii) any portion of the excess of the proceeds from such redemption over the basis of such bond is transferred to an individual retirement plan which is maintained for the benefit of the individual redeeming such bond, or to a qualified trust (as defined in section 402(a)(5)(D)(iii)) for the benefit of such individual, and

"(iii) such transfer is made on or before the 60th day after the individual received the proceeds of such redemption,

then gross income shall not include the proceeds to the extent so transferred and the transfer shall be treated as a rollover contribution described in section 408(d)(3)."

Bonds Under Qualified Bond Purchase Plans Redeemable at any Time After July 18, 1984

Pub. L. 98–369, div. A, title IV, §491(f)(4), July 18, 1984, 98 Stat. 853, provided that: "Notwithstanding—

"(A) subparagraph (D) of section 405(b)(1) of the Internal Revenue Code of 1954 (as in effect before its repeal by this section) [see above], and

"(B) the terms of any bond described in subsection (b) of such section 405,

such a bond may be redeemed at any time after the date of the enactment of this Act [July 18, 1984] in the same manner as if the individual redeeming the bond had attained age 59½."

I.R.C. § 405 — [§405. Repealed. Pub. L. 98–369, div. A, title IV, §491(a), July 18, 1984, 98 Stat. 848] · USC 2024 ed., current through 2025-01-06 · https://pensionresource.website/EAMain?content=EAMain.Law&id=irc-405&asof=1976-05-20 · printed Oct 16, 2026

Cited by (code & regs)

Treas. Reg. § 1.406-1 Treatment of certain employees of foreign subsidi…
Treas. Reg. § 1.407-1 Treatment of certain employees of domestic subsid…
Treas. Reg. § 1.414(g)-1 Definition of plan administrator.
Treas. Reg. § 1.402(a)(5)-1T Rollovers of partial distributions from qualified…
Treas. Reg. § 1.410(d)-1 Election by church to have participation, vesting…
Treas. Reg. § 1.219-1 Deduction for retirement savings.
Treas. Reg. § 301.6058-1 Information required in connection with certain p…
Treas. Reg. § 1.413-2 Special rules for plans maintained by more than o…
Treas. Reg. § 1.401(b)-1 Certain retroactive changes in plan.
Treas. Reg. § 1.410(a)-2 Effective dates.
Treas. Reg. § 11.412(c)-11 Election with respect to bonds.
Treas. Reg. § 1.404(a)-14 Special rules in connection with the Employee Ret…
Treas. Reg. § 1.413-1 Special rules for collectively bargained plans.
Treas. Reg. § 1.401-10 Definitions relating to plans covering self-emplo…
29 C.F.R. § 2530.200a-1 Relationship of the Act and the Internal Revenue …

No regulations are linked to this section in the library.

Guidance addressing this section

No documents are primarily about this section.

Also cited in 20 other documents

IRS / Treasury

Revenue Procedures

Rev. Proc. 2026-4Modified Dec 29, 2025 — This revenue procedure contains updates relating to the types of advice the Internal Revenue Service provides to taxpayers on issues under the jurisdiction of …
Modified by Rev. Proc. 2026-30
Rev. Proc. 2025-4Superseded Dec 30, 2024 — This document updates Rev. Proc. 2024-4, 2024-1 IRB 160, relating to the types of advice the IRS provides to taxpayers on issues under the jurisdiction of the …
Superseded by Rev. Proc. 2026-4
Rev. Proc. 2024-4Superseded Jan 2, 2024 — This document updates Rev. Proc. 2023-4, 2023-1 IRB 162, relating to the types of advice the IRS provides to taxpayers on issues under the jurisdiction of the …
Superseded by Rev. Proc. 2025-4
Rev. Proc. 2023-4Superseded Jan 3, 2023 — This document updates Rev. Proc. 2022-4, 2022-1 IRB 161, relating to the types of advice the IRS provides to taxpayers on issues under the jurisdiction of the …
Superseded by Rev. Proc. 2024-4
Rev. Proc. 2022-4Superseded Jan 3, 2022 — This document updates Rev. Proc. 2021-4, 2021-1 IRB 157, relating to the types of advice the IRS provides to taxpayers on issues under the jurisdiction of the …
Superseded by Rev. Proc. 2023-4
Rev. Proc. 2021-4Superseded Jan 4, 2021 — This document updates Rev. Proc. 2020-4, 2020-1 I.R.B. 148, relating to the types of advice the IRS provides to taxpayers on issues under the jurisdiction of t…
Superseded by Rev. Proc. 2022-4
Rev. Proc. 2020-4 Jan 2, 2020 — This revenue procedure contains information on the types of advice provided by the Commissioner, Tax Exempt and Government Entities Division, Employee Plans Ru…
Rev. Proc. 2019-4 Jan 2, 2019 — This procedure contains revised procedures for determination letters and letter rulings issued by the Commissioner, Tax Exempt Agreements Office. Rev. Proc. 20…
Rev. Proc. 2018-4 Jan 2, 2018 — This procedure contains revised procedures for determination letters and letter rulings issued by the Commissioner, Tax Exempt and Government Entities Division…
Rev. Proc. 2017-4 Jan 3, 2017 — This procedure contains consolidated and revised procedures for determination letters and letter rulings issued by the Commissioner, Tax Exempt and Government …
Rev. Proc. 2014-4 Jan 2, 2014 — Rulings and information letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters rela…
Rev. Proc. 2013-4Modified Jan 2, 2013 — Rulings and information letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters rela…
Modified by Rev. Proc. 2013-22

Proposed Rules

REG-121508-18Proposed Apr 11, 2022 — Notice of Proposed Rulemaking (a)

Treasury Decisions

T.D. 9142 Aug 23, 2004 — REG-101447-04 Final regulations under section 408(q) of the Code provide requirements relating to deemed IRAs that may be included in qualified employer plans,…

Notices

Notice 2003-80 Dec 22, 2003 — Weighted average interest rate update. The weighted average interest rate for December 2003 and the resulting permissible range of interest rates used to calcu…
Notice 2003-74 Nov 24, 2003 — Weighted average interest rate update. The weighted average interest rate for November 2003 and the resulting permissible range of interest rates used to calcu…
Notice 2003-61 Oct 20, 2003 — Weighted average interest rate update. The weighted average interest rate for October 2003 and the resulting permissible range of interest rates used to calcul…
Notice 2003-63 Sep 22, 2003 — Weighted average interest rate update. The weighted average interest rate for September 2003 and the resulting permissible range of interest rates used to calc…
Notice 2003-58 Sep 2, 2003 — Weighted average interest rate update. The weighted average interest rate for August 2003 and the resulting permissible range of interest rates used to calcula…
Notice 2003-48 Jul 28, 2003 — Weighted average interest rate update. The weighted average interest rate for July 2003 and the resulting permissible range of interest rates used to calculate…

Tax Court (14) · DOL/Federal (0)

U.S. Tax Court (14)

Rulings that address this provision

Willie v. Commissioner, 57 T.C. 383 U.S. Tax Court · Dec 16, 1971
Text when decided
Jones v. Commissioner, 51 T.C. 651 U.S. Tax Court · Jan 27, 1969
Text when decided
Hayward v. Commissioner, 37 T.C. 78 U.S. Tax Court · Oct 25, 1961
Cites (b) · Text when decided

Also cite this provision (11)

Michael C. Hollen, D.D.S., P.C. v. Commissioner, T.C. Memo. 2011-2 U.S. Tax Court · Jan 4, 2011
Cites (a) · Text when decided
Phillip M. Wenger, C.P.A., a Sole Proprietor v. Commissioner, T.C. Memo. 2000-156 U.S. Tax Court · May 12, 2000
Text when decided
Wood v. Commissioner, 93 T.C. 114; 93 T.C. No. 12 U.S. Tax Court · Jul 31, 1989
Cites (a)(5) · Text when decided
Foil v. Commissioner, 92 T.C. 376; 92 T.C. No. 24 U.S. Tax Court · Feb 22, 1989
Cites (a) · Text when decided
Calfee, Halter, & Griswold v. Commissioner, 88 T.C. 641; 88 T.C. No. 35 U.S. Tax Court · Mar 23, 1987
Cites (a) · Text when decided
Anthes v. Commissioner, 81 T.C. 1; 81 T.C. No. 1 U.S. Tax Court · Jul 5, 1983
Cites (a) · Text when decided
Shut Out Dee-Fence, Inc. v. Commissioner, 77 T.C. 1197; 2 Employee Benefits Cas. (BNA) 2188 U.S. Tax Court · Dec 2, 1981
Cites (a) · Text when decided
Thompson v. Commissioner, 74 T.C. 873 U.S. Tax Court · Jul 30, 1980
Text when decided
Guest v. Commissioner, 72 T.C. 768; 1 Employee Benefits Cas. (BNA) 1603 U.S. Tax Court · Aug 3, 1979
Cites (a) · Text when decided
Forsyth Emergency Services, P.A. v. Commissioner, 68 T.C. 881 U.S. Tax Court · Sep 12, 1977
Text when decided
Bianchi v. Commissioner, 66 T.C. 324 U.S. Tax Court · May 20, 1976
Text when decided

No private letter rulings in the library cite this provision yet.

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Effective	Through	Source	Amended by
Jan 4, 1995	current	USC 2024 ed., current through 2025-01-06 run 1		View

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