Randy Watson Posted May 1, 2007 Posted May 1, 2007 Has anyone heard anything recently about the final regs? What's the likelihood that the regulations will be finalized any time soon? What about the termination provisions...think they'll make it into the final version? Has anyone sought a ruling on terminating a 403(b)?
John Feldt ERPA CPC QPA Posted May 2, 2007 Posted May 2, 2007 At the Los Angeles Benefits Conference in January 2007, W. Thomas Reeder stated that they will probably be published within the next 6 months. At the Washington Non-Profit Legal and Tax Conference in March, Robert Architect said they should be out by the end of June with an effective date of January 1, 2008. My source is attached, see Page 5: http://www.reish.com/publications/pdf/labcmar07.pdf Also, TAG (tagdata.com) also sent a message regarding Robert Architect's announcement. I think termination provisions will be included, otherwise I know of no provisions now for terminating a 403(b) plan. You could try getting a private letter ruling. Our firm has not had to do that with any of our 403(b)plans yet.
Guest Fred Bee Posted June 6, 2007 Posted June 6, 2007 I am expecting a late June release at the earliest. IRS has been very tightlipped about the final provisions or the final release date, possibly due to the many objections people raised and the time IRS devoted to other projects. Also, ASPPA last month asked IRS to extend the January 1, 2008 effective date.
Guest mbw Posted July 6, 2007 Posted July 6, 2007 Any updated idea on when these are coming out? I originally heard the end of June.
Belgarath Posted July 6, 2007 Posted July 6, 2007 Just yesterday I read somewhere (maybe BNA) that they are now shooting for getting them released by the end of next week. And that the DOL is going to issue simultaneous regulations. We'll see.
Guest mike webb Posted July 14, 2007 Posted July 14, 2007 We'll, that time has come and gone, and we remian without regs. However, since there has been no formal comment from the IRS, one would logically expect that they would be released "imminently" as some provider websites claim; otherwise, they would simply announce a delay to a later date.
Guest mjb Posted July 23, 2007 Posted July 23, 2007 Final 403b regs were filed today and will be published in the July 26 federal register.
John Feldt ERPA CPC QPA Posted July 23, 2007 Posted July 23, 2007 http://benefitslink.com/taxregs/final_403b.pdf
John Feldt ERPA CPC QPA Posted July 23, 2007 Posted July 23, 2007 http://benefitslink.com/taxregs/final_403b.pdf
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