IRS

April 15, 2004 MEMORANDUM FOR LMSB LEADERSHIP TEAM FROM: SUBJECT: Bobby E. Scott (signed) Director, Natural Resources & Construction, LMSB Resolution of IRC section 461(f) Contested Liability Tax Shelter Issues Tax examinations involving the IRC section 461(f) contested liability tax shelter issues described in Notice 2003-77 should be completed as expeditiously as possible using existing ex...

IRC 403(b)/ 457 Outreach Program Internal Revenue Service Section 457 Outreach IRC 403(b)/457 What Are 457 Plans? Ú Non-qualified plans of deferred compensation Ú Federal Income Tax deferred Ú FICA will apply Ú Timely agreement IRC 403(b)/457 Types of 457 Plans Ú Eligible plans – IRC 457(b) Ú Ineligible plans – IRC 457(f) IRC 403(b)/457 IRC 457 Eligible Employers Ú S...

MANUAL TRANSMITTAL Department of the Treasury Internal Revenue Service 4.72.13 SEPTEMBER 24, 2001 PURPOSE This transmits complete reprint for IRM 4.72.13, Employee Plans Technical Guidance, 403(b) Plans. BACKGROUND This IRM provides guidance for examiners on how to examine a plan described in Internal Revenue Code section 403(b). NATURE OF CHANGES This transmittal reissues existing ...

IRC 403(b)/ 457 Outreach Program Internal Revenue Service Partnership for Compliance Tax Sheltered Annuities IRC 403(b)/457 403(b) & Voluntary Compliance Ú Examinations – 403(b)/457 – Focused and directed – work plan – Consistent approach Ú Customer Education and Outreach Ú Correction Program – EPCRS: Rev. Procedure 2001-17 IRC 403(b)/457 Measurement of Efforts Changes in Behav...

[4830-01-p] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-126967-03] RIN 1545-BC20 Value of Life Insurance Contracts when Distributed from a Qualified Retirement Plan AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking and notice of public hearing. SUMMARY: This document contains proposed amendments to the regulations under section 40...

EMPLOYEE PLANS EDUCATIONAL SERVICES TAX-SHELTERED ANNUITY AND 457 PLANS What is a tax-sheltered annuity plan? A tax-sheltered annuity plan as provided for under section 403(b) of the Internal Revenue Code (Code) is a retirement income vehicle enabling many employees of public schools and tax-exempt organizations described in section 501(c)(3) of the Code to defer taxation on retirement savin...

If you are a low income taxpayer who cannot afford professional tax assistance during audits of your federal income tax return, you may qualify for help from Low Income Taxpayer Clinics or other organizations that provide free assistance in tax disputes. Low Income Taxpayer Clinics (LITCs) represent low income taxpayers before the Internal Revenue Service in audit, appeals, and collection issue...

Internal Revenue Service Department of the Treasury Refer Reply to: Group: Date: Person to Contact: Employee Identification Number: Contact Telephone Number: Dear Enclosed is Form 906, Closing Agreement, under Internal Revenue Code Sections 7121 and 6224 (c), reflecting the terms of the settlement, as well as certain attachments. Under Section 4 of Announcement 2004-46, the Clos...

[Code of Federal Regulations] [Title 26, Volume 18] [Revised as of April 1, 2003] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR301.6707-1T] [Page 423-425] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) Additions to the Tax and Additional Amounts--Table of Contents Sec. 301.6707-1T Questions and answers relating to pe...

Supplemental Questions and Answers Revenue Procedure 2002-67 February 27, 2003 Question 1: Holding Company (HC) was the parent of an affiliated group filing a consolidated tax return including Subsidiary (S). Before October 19, 1999, S engaged in a contingent liability transaction. On the HC consolidated tax return for the year in which the contingent liability transaction occurred, HC reported...