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61. 29 C.F.R. § 4907.161-4907.169 — [Reserved]
    PBGCRegulationsJan 1, 2017related by meaning
    [Reserved]
62. T.C. Memo. 2015-119 — Clement C. Benenson v. Commissioner
    IRCCourt RulingsJun 29, 2015
    …s phased out between levels of modified adjusted gross income. See sec. 408A(c)(2) and (3). Section 4973(a) imposes for each taxable year an excise tax of 6% for excess contributions, computed on the lesser of (1) the amount of the excess contribution, and (2) the value of the account as of the end of the taxable year.…
63. 137 T.C. No. 2 — Robert K. & Joan L. Paschall v. Commissioner
    IRCCourt RulingsJul 5, 2011
    …ility". Atl. Land & Improvement Co. v. United States, 790 : F.2d 853, 858 (11th Cir. 1986). Section 4973 imposes an excise tax on excess contributions to Roth IRAs which is ,to be reported and disclosed on.Form 5329. Upon review of Mr. Paschall's Forms 1040, respondent was not reasonably able to discern that Mr. Pascha…
64. 115 T.C. No. 19 — Flahertys Arden Bowl, Inc. v. Commissioner
    IRCCourt RulingsSep 25, 2000related by meaning
    provisions” including section 4975. The tax provisions, contained in the Internal - 6 - Revenue Code, provide the statutory framework for the tax laws governing employee benefit plans and generally are administered by the Department of the Treasury. See Rutland v. Commissioner , 89 T.C. 1137, 1143 n.4 (1987). There are…
65. T.C. Memo. 2012-168 — Steven W. & Gayle F. Repetto v. Commissioner
    IRCCourt RulingsJun 14, 2012
    t higher contributions, section 4973(a) imposes for each taxable year an excise tax of 6% for excess coritributions, computed on the lesser of (1) the amount of the exceså contribution, and (2) the value of the account as of the end of the taxable year. The tax appliës eách year until the excess contributions are elimi…
66. 150 T.C. No. 7 — Celia Mazzei v. Commissioner
    IRCCourt RulingsMar 5, 2018
    … 408A(c). Contributions in excess of the yearly limitation are not directly prohibited, but section 4973(a) imposes a 6% tax on the lesser of - 20 - excess contributions remaining in a Roth IRA or the fair market value of the account at the close of the taxable year. The tax not only applies for the year a taxpayer mad…
67. 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
    ment on examination . . .. . ... . .. . .. . ............ 491 .09 Special rules relating to Anonymous Submissions . . ........ . .. . .. . .. . .. 491 .10 Special rules relating to Group Submissions ................................... 491 .11 Multiemployer and multiple employer plans ...................................…
68. 70 T.C. 785 — Collins v. Commissioner
    IRCCourt RulingsAug 29, 1978
    …ns exceeded $709.35 would she have made an “excess contribution” as that term is defined in section 4973(b)(1). This situation is distinguishable from Orzechowski v. Commissioner, 69 T.C. 750, 754-757 (1978), where the taxpayer made a cash contribution of $1,500 to an IRA in 1975 when he was not eligible to create an I…