IRCCourt RulingsJul 24, 1991
ding $52,970. Petitioner deposited the check in his personal bank account. Sometime later, on two separate occasions, petitioner sold the Sears stock. On February 1, 1983, petitioner drew a check on his personal account in the amount of $52,970, payable to Yolanda. In the “Memo” section of the check he wrote “Property …
77 FR 74063 — Amendments to the Abandoned Plan Regulations ERISAProposed Rules (FR)Proposed Dec 12, 2012
…ame number of participants as abandoned plans, the total number of participants affected would be 2,970 (495 plans × 6 participants per plan). The Department estimates that for each of the estimated 495 terminating plans, a QTA may utilize 5 minutes of a financial professional's time to review the notices. Clerical sta…
PBGCRegulationsJan 1, 2017related by meaning
[Reserved]
IRCCourt RulingsNov 1, 2005related by meaning
ficiency for the years in
issue. Respondent determined that petitioner was liable for
additional taxes of $499 and $5,215 for early distributions from her IRAs for 1999 and 2000, respectively. Respondent also
determined that petitioner was liable for additions to tax under
sections 6651(a)(1) and 6654(a), as set out ab…
89 FR 32122 — Retirement Security Rule: Definition of an Investment Advice Fiduciary ERISAFinal Rules (FR)Apr 25, 2024
…adviser. The labor rate is applied in the following calculation: 622,676 burden hours × $228 ≉ $141,970,058. Note, the total values may not equal the sum of the parts due to rounding.
Back to Citation
707.
The number of disclosures mailed is estimated as: 4,485,059 rollovers × 49% advisor assisted × 3.9% disclosures s…
IRCCourt RulingsJan 26, 2012
… modified AGI under section 219 exceeded that
amount. See Rev. roc. 2007-66, sec. 3.22, 2007-2 C.B. 970, 975.
IRCCourt RulingsDec 19, 2000related by meaning
ec. 402(a), 96 Stat. 324,
648, but had to be determined in the Toans’ individual case.
Alternatively, petitioners argue, any assessment under the 1980 notice is time barred under section 6501. Petitioners assert
that the addition to tax under section 6659 was an affected item
- 7 -
for 1982 and that the related notice …
T.D. 9958 — This document sets forth temporary regulations implementing certain transparency requirements under section 204 of Division BB of Title II of the Consolidated … IRCTreasury DecisionsDec 6, 2021
…ry, and OPM share jurisdiction, HHS will account for 45 percent of the burden, or approximately 416,970 burden hours with an equivalent cost of approximately $57,305,085. The Departments and OPM seek comment on these burden estimates.
TABLE 13: Annual Burden for TPAs to Develop and Maintain Needed IT Systems Changes an…
PBGCRegulationsJan 1, 2017related by meaning
[Reserved]
IRCCourt RulingsNov 25, 2009related by meaning
t affect the tax treatment
- 5
under the Internal, Revenue Code . See sec . 7701(j)(5) ("No
provision of law not contained in this title [the internal Revenue Code] shall apply for purposes of determining the
treatment under this title of the Thrift Savings Fund or any
contribution to, or distribution from, such Fund .…
IRCCourt RulingsSep 28, 2022related by meaning
. See FPL Grp.,
Inc. & Subs. v. Commissioner, 116 T.C. 73, 74 (2001). We may grant
summary judgment regarding an issue as to which there is no genuine dispute of material fact and a decision may be rendered as a matter of
law. Rule 121(b); Sundstrand Corp. , 98 T.C. 518, 520 (1992), aff’d , 17
F.3d 965 (7th Cir. 1994).…
IRCCourt RulingsSep 2, 2021
…f the FSP, which are not determ inative of
this case, see Peterson v. Com m issioner, 827 F.3d 968, 970-980 (11th Cir. 2016),
aff’g in part, dism issing in part T.C. Mem o. 2013-271.
- 4 -
[*4] After her retirem ent from Mary Kay, petitioner took up a num ber of non-
Mary Kay activities. First, through a wholly owned S…
IRCCourt RulingsJun 26, 2017related by meaning
e requirements of the QDRO provisions must be "rigidly observed"
because they "relate to the substance or essence of the statute"). We have con-
- 8 - [*8] siderable sympathy for petitioner's position: In effect, his willingness to help
minimize stress on his soon-to-be ex-wife disabled him from satisfying the
statutor…
IRCCourt RulingsJul 31, 2000
…Accuracy-Related Penalty
Year
Deficiency
Sec. 6651(a)(1)
Sec. 6662(a)
1993 $41,807 — $8,361
1994 49,970 — 9,994
We decide the following issues:
1. Whether Neonatology and Lakewood may deduct
contributions to their respective plans in excess of the amounts
needed to purchase current-year (term) life insurance for their
…
IRCCourt RulingsDec 22, 1997
…Sec. 6651
Sec. 6659A
9/30/87 $61,816 -- -- $18,555
9/30/88 55,075 $22,679 $ 5,670 16,523
9/30/89 52,970 45,359 11,340 15,891
9/30/90 -- 45,359 11,340 --
Unless otherwise indicated, all section references are to
the Internal Revenue Code in effect for the years in issue, and
all Rule references are to the Tax Court Rule…
IRCCourt RulingsFeb 7, 2013
…ual filing single was $53,000. Sec. 219(g)(3)(B)(ii); Rev. Proc. 2007-66,
sec. 3.22(2), 2007-2 C.B. 970, 975. Therefore, the IRA contribution deduction
was completely phased out for an individual taxpayer with AGI exceeding
$63,000.
For a portion of tax year 2008 petitioner was an active participant in a
qualified reti…
IRCCourt RulingsMay 12, 1971related by meaning
g $1,000,
may (under regulations prescribed by the Secretary or his delegate) be returned on the basis and in the manner prescribed in subsection (a). Harold and Caroline reported $10,224.57 as long-term capital gain in. 1964 and $30,673.70 as long-term capital gain in each subsequent year. Assuming that the annual pay…
PBGCRegulationsJan 1, 2017related by meaning
[Reserved]
T.C. Memo. 1995-539 — Guy Schoenecker, Inc.; Business Incentives, Inc.; and Carousel By Guy, Inc. v. Commissioner IRCCourt RulingsNov 14, 1995
…top compensation of any CEO to
be $703,530 for 1988, $779,555 for 1989, $882,680 for 1990, and
$838,970 for 1991. The compensation shown in the ECS survey was
total cash compensation, including salary, bonuses, and cash
fringe benefits.
The following schedule shows information taken from proxies
of the advertising agen…
IRCCourt RulingsMar 15, 2004related by meaning
t 22, 2001,
respondent issued to petitioners a notice of deficiency
determining that they were liable for this additional tax in the
amount of $2,000. Discussion
I. General Rules
In general, section 408 governs the treatment of IRAs.
Specifically, section 408(d) provides that distributions from an
IRA are taxable in th…