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Posted

Does anyone have a good website for the actual text of internal revenue code, specifically that incorporates the changes from SECURE 2.0?

The ones I usually use, such as the Cornell Legal Institute don't have those sections updated yet, and I don't know when they will be. So when I want to see how the updated language works with the prior language, I have to have both the text of SECURE 2.0 open as well as the code as it was pre-SECURE 2.0. Its getting a little old. 

When I want to really understand something, I do try to read the source material, not just other's articles and interpretations, so having an updated integrated source of the IRC would be so helpful. 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

Posted

Many practitioners who don’t pay Bloomberg, CCH/Wolters Kluwer, Lexis, Tax Analysts, Thomson Reuters/Westlaw, or another commercial publisher for a professionally edited and annotated version, use:

Bloomberg’s free version https://irc.bloombergtax.com/;

or the US Government’s United States Code. http://uscode.house.gov/.

In that compilation, I.R.C. § 401 = 26 U.S.C. § 401.

The government’s compilation includes SECURE 2022 provisions applicable for 2024, and shows full sets of amendment notes.

Bloomberg’s version (even its free version) displays in-context notes to show which provisions apply to 2024, which apply to earlier years, and which not-yet-applicable provisions will apply for later years—2025, 2026, 2027, 2028, 2029, and 2030.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

Posted

Thanks everyone!

Follow-up question. I can't find §408(p)(11). I can see §408(p)(10) and §408(p)(12).  Am I just overlooking it? Or did something happen to it?  

 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

Posted

Observe that Bloomberg displays I.R.C. § 408(p)(11).

In context, not as a footnote, Bloomberg introduces the change:

Editor’s Note: Sec. 408(p)(11), below, after being added by Pub. L. 117-328, Div. T, Sec. 332(a), is effective for taxable years beginning after Dec. 31, 2023.

https://irc.bloombergtax.com/public/uscode/doc/irc/section_408

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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