Internal Revenue Bulletin: 2005-51 |
December 19, 2005 |
Table of Contents
- Highlights of This Issue
- Preface
- Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
- Part III. Administrative, Procedural, and Miscellaneous
- Notice 2005-90
- Notice 2005-91
- Notice 2005-92
- PURPOSE
- BACKGROUND
- SECTION 1: QUALIFIED HURRICANE KATRINA DISTRIBUTIONS
- SECTION 2. GUIDANCE FOR EMPLOYER RETIREMENT
PLANS MAKING KATRINA DISTRIBUTIONS
- A. Katrina distributions are generally treated as satisfying certain plan distribution restrictions.
- B. Direct rollover and 20% withholding requirements are not applicable to Katrina distributions.
- C. Treatment of distributions as Katrina distributions.
- D. Distribution limits on Katrina distributions.
- E. Reliance on reasonable representations.
- F. An employer retirement plan will be treated as operating in accordance with its terms if certain requirements are satisfied.
- SECTION 3. GUIDANCE FOR ELIGIBLE RETIREMENT PLANS MAKING, OR ACCEPTING RECONTRIBUTION OF, KATRINA DISTRIBUTIONS
- SECTION 4. GUIDANCE FOR INDIVIDUALS RECEIVING
KATRINA DISTRIBUTIONS UNDER SECTION 101 OF KETRA
- A. Election to designate a distribution as a Katrina distribution.
- B. Income inclusion for Katrina distributions
- C. Tax treatment of recontributions of Katrina distributions.
- D. Tax treatment of recontributions of a Katrina distribution using the 1-year income inclusion method.
- E. Tax treatment of recontributions of a Katrina distribution using the 3-year ratable income inclusion method.
- F. Recontributions of a Katrina distribution may be carried back or forward when using the 3-year ratable income inclusion.
- G. Special rule for 3-year ratable income inclusion method for Katrina distributions.
- H. Katrina distributions will not be treated as a change in substantially equal periodic payments.
- SECTION 5. APPLICATION OF SECTION 103 OF KETRA TO PLAN LOANS
- DRAFTING INFORMATION
- Notice 2005-95
- Rev. Proc. 2005-77
- Rev. Proc. 2005-78
- SECTION 1. PURPOSE
- SECTION 2. SUMMARY OF STANDARD MILEAGE RATES
- SECTION 3. BACKGROUND AND CHANGES
- SECTION 4. DEFINITIONS
- SECTION 5. BUSINESS STANDARD MILEAGE RATE
- SECTION 6. RESERVED
- SECTION 7. CHARITABLE, MEDICAL, AND MOVING STANDARD MILEAGE RATES
- SECTION 8. FIXED AND VARIABLE RATE ALLOWANCE
- SECTION 9. APPLICATION
- SECTION 10. WITHHOLDING AND PAYMENT OF EMPLOYMENT TAXES
- SECTION 11. EFFECTIVE DATE
- SECTION 12. EFFECT ON OTHER DOCUMENTS
- DRAFTING INFORMATION
- Part IV. Items of General Interest
- Definition of Terms and Abbreviations
- Numerical Finding List
- Effect of Current Actions on Previously Published Items
- How to get the Internal Revenue Bulletin
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