Guest mgmurphy Posted May 17, 2004 Report Share Posted May 17, 2004 I currently handle administration and assets for non-electing church pension and 401k plans for a national (small but growing) denomination. I have recently had several inquiries about information distributed by a firm in CO claiming that their plan design allows for all clergy distributions upon retirement to be classified as "housing expense" and therefore will be non-taxable income. This firm specializes in clergy finances, says that the large denomination plans do this and that they are the only place to get such a deal outside of the big churches. I've spoken with their retirement plan contact at the firm and he doesn't know any of the "legal stuff" that allows them to do this. Can anyone give me direction in regard to case law, regulations, ltr rulings, anything that would allow this? I can find nothing at this point. I'm looking for any resource, including attorney, that would allow me to make design change recommendations if possible, or to find out if this a loophole not worth messing with. Thanks! Link to comment Share on other sites More sharing options...
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