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U.S. Master Pension Guide

The U.S. Master Pension Guide reflects the latest regulations, rulings and cases for qualified retirement plans, surveying the different type of plans from which an employer may choose, and describing the procedures for obtaining plan qualification.

CCH® PENSION AND BENEFITS — 6/25/08

IRS changes reporting requirements for ESOP dividends

The IRS has announced that Code Sec. 404(k) dividends paid in cash from employee stock ownership plans in 2009 or later years must be reported on a Form 1099-R that does not report any other distributions. Any other plan distributions must be reported on a separate Form 1099-R. The IRS anticipates that the addition of a special code in box 7 of the form will indicate the special tax treatment and rollover restrictions applicable to Code Sec. 404(k) dividends.