david rigby Posted December 15, 2008 Posted December 15, 2008 IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree? 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.
Andy the Actuary Posted December 15, 2008 Posted December 15, 2008 IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree? David, how can you tell -- Are there comprehensive summaries? The House Bill pdf does not apear to be searchable via acrobat. All I've been able to find is frustration! The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
david rigby Posted December 15, 2008 Author Posted December 15, 2008 Not sure if you would call this "comprehensive" but it is a summary: http://www.jct.gov/x-85-08.pdf 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.
Andy the Actuary Posted December 15, 2008 Posted December 15, 2008 Not sure if you would call this "comprehensive" but it is a summary:http://www.jct.gov/x-85-08.pdf Thank you. And, it's searchable. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
Guest Jeff Hartmann Posted December 16, 2008 Posted December 16, 2008 IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree? I agree. Full text of the bill: http://frwebgate.access.gpo.gov/cgi-bin/ge...7327enr.txt.pdf (this should be "searchable" for you) .... Jeff
Andy the Actuary Posted December 16, 2008 Posted December 16, 2008 IRS proposed reg. 1.430 (august 31, 2007) described the requirements for waiving, and documenting, a credit balance. I saw nothing in the recent legisation (Worker, Reitree, and Employer Recovery Act of 2008) that would impact the possible waiver and documentation. Anyone agree or disagree? I agree. Full text of the bill: http://frwebgate.access.gpo.gov/cgi-bin/ge...7327enr.txt.pdf (this should be "searchable" for you)Jeff, thank you .... Jeff The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
SoCalActuary Posted December 18, 2008 Posted December 18, 2008 I think I've created a monster. Have you been playing in the lab again, young Dr. Frankenstein?
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