justanotheradmin Posted February 2, 2024 Posted February 2, 2024 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?
Lois Baker Posted February 2, 2024 Posted February 2, 2024 Looks like the Cornell text has been updated to include SECURE 2.0 -- you can find it (along with other resources) here: https://benefitslink.com/research.html Bill Presson and justanotheradmin 2
Peter Gulia Posted February 2, 2024 Posted February 2, 2024 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. Paul I and justanotheradmin 2 Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
justanotheradmin Posted February 2, 2024 Author Posted February 2, 2024 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?
Lois Baker Posted February 2, 2024 Posted February 2, 2024 SECURE 2.0 additions seem to be in the "amendment notes" at http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section408&num=0&edition=prelim#408_2: justanotheradmin 1
Peter Gulia Posted February 2, 2024 Posted February 2, 2024 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 justanotheradmin 1 Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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