Andy the Actuary Posted April 5, 2010 Posted April 5, 2010 In 2008, a calendar year plan sponsor elected to use the transitional segment rates for the preceding September (2008). In 2009, the plan sponsor elected to use the non-transitional segment rates for January (2009). With final regs effective 1/1/2010, may the plan sponsor elect to use another basis for 2010 such reverting to a prior September determination month. Or, did the Plan sponsor use up his "freebee" change? 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.
Effen Posted April 5, 2010 Posted April 5, 2010 I think they get another free change for 2010. 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.
Andy the Actuary Posted April 5, 2010 Author Posted April 5, 2010 I think they get another free change for 2010. That is what the attached had said although I could not find where this position was codified in the final regs. Are there any issues with professional standards with these hopping interest rates? IRS_9_25_2009_Interest_Rates.pdf 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.
Effen Posted April 5, 2010 Posted April 5, 2010 Don't go bringing professional standards into this PPA lunacy. Maybe you can bring it up next week at the EA meetings. 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.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now