IRS Notice 2007-7 (Non-Spouse Distributions)
Has the IRS changed their position on stretching non-spouse distributions from company-sponsored retirement plans as outlined in Notice 2007-7, and on which Ed wrote a commentary dated January 16, 2007?
Has the IRS changed their position on stretching non-spouse distributions from company-sponsored retirement plans as outlined in Notice 2007-7, and on which Ed wrote a commentary dated January 16, 2007?
Permalink Submitted by Alan Spross on Fri, 2007-10-26 19:46
No, for transfers not made by the end of the year following the year of death, the life expectancy method remains unavailable unless the plan itself allowed life expectancy payouts.
However, under proposed Technical Corrections Bill, it will be mandatory for eligible retirement plans to offer the transfer starting Jan 1, 2008, and the IRS has already conformed to this provision.