Guest Tara Curran Posted May 13, 2002 Posted May 13, 2002 Under PLR 200135045, minister's housing allowance is not includible for the 415 annual addition limit testing. Does this mean that a minister can defer from his total compensation, including the housing allowance, as long as the total deferred, matched and contributed as an employer profit sharing contribution is less than 25% of his salary (excluding the housing allowance) in 2001? In other words, the contribution amounts are based on total compensation including the housing allowance, but the test is run without the housing allowance amount.
mbozek Posted May 13, 2002 Posted May 13, 2002 Tara--- see prior thread on this topic by actuarysmith which appeared in Feb under church plans mjb
david rigby Posted May 13, 2002 Posted May 13, 2002 Here it is: http://benefitslink.com/boards/index.php?showtopic=13239 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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