DB exemption from Excise Tax (nondeductible cont)

[retbenser]

Accordign to 4972©(7), single employer DB plan is exempt from 10% excise tax on contribution in excess of the maximium?

Is this correct?

Thanks for all respones.

[SoCalActuary]

Only the non-deductible portion caused by sole proprietors/partners whose self-employment income is below the contribution.

[retbenser]

Only the non-deductible portion caused by sole proprietors/partners whose self-employment income is below the contribution.

http://www.asppa.org/Document-Vault/Docs/C...px#270,32,Slide 32

Hmm ... according to the ASPPA session above (with IRS Carol Zimmerman as spseaker), it seems the enire excess DB conribution is exempt form excise tax (regardless of self-employment income). I think you are referring to 4972©(6)(b) while the ASPPA was referring to 4972©(7).

Thanks.

[SoCalActuary]

Your post is very interesting, and represents a section I had not previously considered. Thanks.