Guest sjb Posted March 25, 2004 Posted March 25, 2004 Can a nervous adopting employer obtain a private letter ruling for a new 457(f) [inleligible] plan?...under Rev Proc 2003-1? Anyone done this lately?
Kirk Maldonado Posted March 26, 2004 Posted March 26, 2004 I got one on a Section 457(f) plan, but it was a number of years ago. Kirk Maldonado
mbozek Posted March 26, 2004 Posted March 26, 2004 Is the client willing to pay the filing fee and the fee to a tax advisor to prepare the request? The question is what makes the client nervious? If the plan follows the requirements of 457(f), (benefits are subject to substantial forfeiture until termination) there should be no need for a PLR. mjb
Kirk Maldonado Posted March 26, 2004 Posted March 26, 2004 It is not always clear whether or not an arrangement satisfies section 457(f). Kirk Maldonado
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