IRC Section 409(p) Final Regulations
December 19, 2006

Benefitslink.com has reported that the long-awaited 409(p) Final Regulations have been released effective December 20, 2006 and apply to plan years beginning on or after January 1, 2006:

45 pages; December 20, 2006 effective date; also, generally applicable with respect to plan years beginning on or after January 1, 2006. The temporary regulations published in December of 2004 are retained for plan years beginning before January 1, 2006. Scheduled to be published in the December 20, 2006 Federal Register. (Internal Revenue Service)

Stay tuned to The One-Stop ESOP Blog for more information.

The Dividends and S Corporation Distributions of Earnings installment of the ESOP Planning series is now online.

 If you have any comments, questions, or suggestions about the 409(p) Final Regulations, the ESOP planning process, or this post, please let me know.