Pension Rights Center
|
Plan Compliance Analyst (administrator) RPA
|
Defined Contribution Plan Administrator Pension Investors Corp of Orlando Inc
|
Advanced Plan Designs, LLC
|
Definiti
|
Quantech Pensions LLC
|
Small NY Actuarial TPA Firm
|
Howard Simon & Associates
|
Manager/Supervisor of Benefits and Payroll Compensation Virginia Farm Bureau
|
Southern Pension Services
|
Retirement Plan Relationship Manager Prosperity Advisors, LLC
|
Southern Pension Services
|
Carpenter Morse Group
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
![]() |
![]() ![]() ![]() |
Question 9: Your article in Q&A 1 about attribution from both husband and wife to their minor child comes as something of a shock. Could you please elaborate? Can parent-child attribution really cause businesses owned as separate property by the mother and father to be a controlled group? |
Answer: Surprisingly, the answer is yes. Although it is counter-intuitive, using the strict language of the Code parent-child attribution can cause businesses owned separately by the parents to become a controlled group. Consider the following examples: |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
Related links: |