Friday, April 27, 2012
Notice 2007–84 Notice to all that 419 plans are abusive
Division Counsel/Associate Chief
Counsel (Tax Exempt and Government
Entities). For further information regarding
this notice, contact Mr. Isaacs
at RetirementPlanQuestions@irs.gov
Ms. Clary. Trust Arrangements
Purporting to Provide
Nondiscriminatory
Post-Retirement Medical
and Life Insurance
Benefits
Purporting to Provide
Nondiscriminatory
Post-Retirement Medical
and Life Insurance
BenefitsNotice 2007–84
Sections 419 and 419A of the Internal
Revenue Code set forth rules under
which employers are permitted to make
currently deductible contributions to welfare
benefit funds in order to provide their
retirees with medical and life insurance
benefits. Businesses often maintain welfare
benefit funds that comport with the
intent of §§ 419 and 419A and do in fact
provide meaningful medical and life insurance
benefits to retirees on a nondiscriminatory
basis, and make substantial contributions
to those welfare benefit funds that
are fully deductible. Such welfare benefit
Revenue Code set forth rules under
which employers are permitted to make
currently deductible contributions to welfare
benefit funds in order to provide their
retirees with medical and life insurance
benefits. Businesses often maintain welfare
benefit funds that comport with the
intent of §§ 419 and 419A and do in fact
provide meaningful medical and life insurance
benefits to retirees on a nondiscriminatory
basis, and make substantial contributions
to those welfare benefit funds that
are fully deductible. Such welfare benefit
No comments:
Post a Comment