Editor: Calvin L. Keith

New regulation under Section 401(a)(9) proposed

Recently, the Internal Revenue Service issued a proposed regulation that permits designated beneficiaries of a revocable trust to be treated as the designated beneficiaries for purposes of the distribution rules under Section 401(a)(9) of the Internal Revenue Code of 1986, as amended. Before the new regulation was proposed, the former proposed regulation under this section of the Code required that any designated trust be irrevocable. Read More...