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5500 Preparer's Manual for 2012 Plan Years

5500 Preparer's Manual for 2012 Plan Years
The premier resource in the field of Form 5500 preparation, 5500 Preparer's Manual will help you handle the required annual Form 5500 filings for both pension benefits and welfare benefit plans.

CCH® PENSION AND BENEFITS — 8/21/08

IRS proposed rule permits governmental plans to comply with required minimum distribution rules using “good faith interpretation” of the statute

The IRS has issued a proposed rule permitting governmental plans to comply with the required minimum distribution rules under Code Sec. 401(a)(9) by using a “reasonable good faith interpretation” of the statute. Under the Pension Protection Act of 2006 (P.L. 109280; PPA), the Secretary of the Treasury was instructed to issue such regulations under which a governmental plan shall be treated as having complied with Code Sec. 401(a)(9) if the plan complied with a “reasonable good faith interpretation” of section 401(a)(9).

The regulations are proposed to be applicable for all years to which Code Sec. 401(a)(9) applies. Written or electronic comments and requests for a public hearing must be received by October 8, 2008.

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