Rev. Proc. 2016-51 — This revenue procedure updates the comprehensive system of correction programs for sponsors of retirement plans that are intended to satisfy the requirements o… IRCRevenue ProceduresOct 17, 2016related by meaning
................................................ 494
.08 Penalty of perjury statement ............................................................ 494 .09 Procedural Requirements Checklist . . .. . .. . .. . .. . .. . .. . ......................... 494
.10 Orphan Plan ... . .. . .. . .. . .. . .. . .. . .. . .. . .. . …
PBGCRegulationsJan 1, 2017related by meaning
[Reserved]
IRCPrivate Letter RulingsMar 2, 2001★ strong match
…entitled to priority.
Although the Supreme Court in CF&I
addressed section 4971 rather than
section 4975, Collection, Bankruptcy & Summonses believes the taxes imposed by
section 4975 serve the same general punitive purpose as the taxes imposed by
section 4971. Both impose “excise taxes” as punishment for an unlawful a…
ERISARegulationsJan 1, 2017related by meaning
[Reserved]
ERISARegulationsSep 1, 2017related by meaning
(e) (e) Transactions with fiduciaries
Notice 2024-2 — Miscellaneous Changes Under the SECURE 2.0 Act of 2022 IRCNoticesModified Jan 8, 2024
…dual retirement annuity described in section 408(b).
6 The definition of “State” for purposes of 42 USC 1395x(r)(1) is in 42 USC 410(h), which provides that the term “State” includes the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, and American Samoa.
ERISARegulationsJan 1, 2017related by meaning
[Reserved]
91 FR 4348 — Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure ERISAProposed Rules (FR)Proposed Jan 30, 2026
…& Dana P. Goldman,
Overpaying for Prescription Drugs: The Copay Clawback,
(2018),
https://schaeffer.usc.edu/research/overpaying-for-prescription-drugs/.)
Back to Citation
183.
Megan Thompson (2018), W
hy a Patient Paid a $285 Copay for a $40 Drug, https://www.pbs.org/newshour/health/why-a-patient-paid-a-285-copa…
ERISARegulationsJan 1, 2017related by meaning
[Reserved]
IRCCourt RulingsJan 17, 2024related by meaning
…of Appeals for the Second Circuit.
4
The court in Latterman addressed an earlier version of section 4975 that imposed the “initial tax” at a rate of 5%. Congress increased the “initial tax” rate to 10%
in 1996 and to 15% one year later. See Small Business Job Protection Act of 1996, Pub.
L. No. 104-188, § 1453(a), 110 …
PBGCRegulationsJan 1, 2017related by meaning
[Reserved]
IRCCourt RulingsJun 16, 1987★ strong match
…vide that an otherwise prohibited transaction is not prohibited if it benefits the plan. In section 4975(d), however, Congress did provide for the exemption of certain transactions from the broad reach of section 4975(c). For instance, although section 4975(c)(1)(B) provides that the lending of money or other extension…
IRCCourt RulingsSep 30, 1991
2), sec. 4975(e)(2)(F); and any officer or director of a corporation which, among other things, has employees covered by the plan, sec. 4975(e)(2)(H). Petitioner Anton Zabolotny was a disqualified person as described in section 4975(e)(2)(A), (E), and (H). As a trustee for the plan he had discretionary authority to man…
ERISARegulationsApr 8, 2024related by meaning
…) Section 408(a) of the Employee Retirement Income Security Act of 1974 (ERISA);
(a)(2) (2) Section 4975(c)(2) of the Internal Revenue Code of 1986 (the Code); or
(a)(3) (3) The Federal Employees' Retirement System Act of 1986 (FERSA) (5 U.S.C. 8477(c)(3)).
IRCCourt RulingsSep 27, 1990★ strong match
lan by a disqualified person, unaccompanied by affirmative acts on behalf of the plan, section 4975(f)(3) provides the definition of sale or exchange. A third principle of statutory construction, i.e., that penalty provisions must be strictly construed, is also of assistance in interpreting section 4975. See Commission…
75 FR 38700 — Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirements; Disclosure Requirements With Respect to Prohibited Tax Shelter Transac… IRCFinal Rules (FR)Jul 6, 2010related by meaning
) under section 408(q)); and
(D) Roth IRAs under section 408A.
(ii) Arrangements described in section 220(d) (Archer Medical Savings Accounts (MSAs)); (iii) Arrangements described in section 403(b)(7) (custodial accounts treated as annuity contracts);
(iv) Arrangements described in section 530 (Coverdell education savi…
ERISARegulationsJan 1, 2017related by meaning
[Reserved]
89 FR 43675 — Prohibited Transaction Exemption 2006-06 for Services Provided in Connection With the Termination of Abandoned Individual Account Plans ERISAFinal Rules (FR)May 17, 2024related by meaning
section 4975(c)(2) necessitate proposing an amendment to the exemption.
Back to Citation
26.
See 29 CFR 2578.1(d)(2)(v).
Back to Citation
27.
See Section I(a)(3) of this exemption amendment.
Back to Citation
28.
See
paragraph 29 CFR 2578.1(c)(3) of the QTA Regulation or in the case of a QTA described in Section …
IRCCourt RulingsDec 7, 1993
…l Volkswagen, Inc. (ajvw), as follows:
Docket No. 5586-92
Transferee liability Deficiency
Year See. 4975(a) Sec. 6651(a)(1) Sec. 4975(a) Sec. 4975(b) Sec. 6651(a)(1)
1986 $781 $195 $15,958 - - - $3,990
1987 41,259 - - - 10,315
1988 91,416 - - - 22,854
1991 $2,747,607
Docket No. 5587-92
Transferee liability Deficiency
Y…
Notice 2008-113 — This notice provides taxpayers the ability to correct certain operational failures to comply with section 409A of the Code, or to limit the amount of additiona… IRCNoticesModified Dec 22, 2008
…ecurities and Exchange Commission under § 16 of the Securities Exchange Act of 1934, as amended, 15 USC 78p, without regard to whether the service recipient has any class of equity securities registered under § 12 of such Act, 15 USC 78l. See 17 CFR § 240.16a-1(a) (beneficial owner) and (f) (officer). In the case of a …