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What Is A Qualified Retirement Plan As Defined by IRC Sec. 4974(c)? You may be able to take a credit (Retirement Savings Contribution Credit) of up to $1,000 (up to $2,000 if filing jointly) if you make eligible contributions to a qualified IRA, 401(k) and certain other retirement plans.
i.r.c. § 4974(e)(2)(c) — the last day of the second taxable year that begins after the end of the taxable year in which the tax under subsection (a) is imposed.
Excise tax on certain accumulations in qualified retirement plans. Section Text. (a) General rule. If the amount distributed during the taxable year of the payee under any qualified retirement plan or any eligible deferred compensation plan (as defined in section 457 (b)) is less than the minimum required distribution for such taxable year ...
§54.4974–2 26 CFR Ch. I (4–1–15 Edition) Q–3. If a payee’s interest under a qualified retirement plan is in the form of an individual account, how is the re-quired minimum distribution for a given calendar year determined for purposes of section 4974? A–3. (a) General rule. If a payee’s in-terest under a qualified retirement
Internal Revenue Code § 4974. Excise tax on certain accumulations in qualified retirement plans. Current as of January 01, 2024 | Updated by FindLaw Staff. (a) General rule.
Section 4974(c) provides, in part, that the term “qualified retirement plan” means (1) a plan described in § 401 (including a trust exempt from tax under § 501(a)), (2) an annuity plan described in § 403(a), (3) a tax-
