EMPLOYEE PLANS CPE TECHNICAL TOPICS FOR 2001
-485- Training 4213-020 (Rev. 11/2000)
CHAPTER 7 CURRENT DEVELOPMENTS IN IRS BENEFITS
LITIGATION
BY MARY OPPENHEIMER, AMY SPEETJENS AND LISA TAVARES
OFFICE OF THE ASSOCIATE CHIEF COUNSEL
(EMPLOYEE BENEFITS AND EXEMPT ORGANIZATIONS)
II ntt err nalll Revenue Serr viiice
Washiiingtt on,, D.. C.
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TABLE OF CONTENTS
CURRENT DEVELOPMENTS IN IRS BENEFITS LITIGATION ................................................................. 485
I.
DISTRIBUTIONS ......................................................................................................................................... 487
PLAN LOANS -- IRC ' 72(P) ................................................................................................................................. 487
APPLICATION OF SECTION 72(T) ........................................................................................................................... 487
OTHER CASES INVOLVING DISTRIBUTIONS........................................................................................................... 488
II.
INDIVIDUAL RETIREMENT ACCOUNTS AND SIMPLIFIED EMPLOYEE PENSIONS .............. 489
A.
INVESTMENT IN THE CONTRACT@ - IRC '408(D)(2) .................................................................................... 489
B.
“TRANSFER INCIDENT TO DIVORCE” - IRC '408(D)(6)............................................................................... 489
C.
APPLICATION OF IRC '72(T)....................................................................................................................... 489
D.
INVESTMENT IN CONTRACT UNDER IRC '408(D)........................................................................................ 490
E.
“COMPENSATION@ UNDER IRC '219........................................................................................................... 490
III.
ISSUES RELATED TO PLAN QUALIFICATION .................................................................................. 490
A.
LYNN ESDEN ET AL.