Eligible retirement plans that can receive (but are not required to accept) rollovers from IRAs include qualified trusts
LAW firm Leo Abse & Cohen has appointed a qualified trusts
and estates practitioner (TEP) to its wills and estates team.
However, recently enacted final regulations reshape this theory when distributions from certain qualified trusts
(mainly pensions) are involved.
Educational institution QTPs must maintain contributions in qualified trusts
and must obtain IRS rulings or determinations as to their exempt status.
Under previous law, S corp debt could only be held by an individual (other than a non-resident alien), an estate or certain qualified trusts
Master Trusts are subject to the same restrictions as Qualified Trusts
with respect to borrowings and deposits.
ThePension Plan Exposure Draft, which addresses financial reporting for plans that are administered through qualified trusts
, outlines the basic framework for the separately issued financial reports of defined benefit pension plans.
check] Verify that the QI uses qualified trusts
and escrows with independent trustees and escrow holders.
402(c) provides that only distributions from qualified trusts
are eligible rollover distributions.
It should be noted that in addition to qualified individuals, Code Section 121 also applies to qualified trusts
Wells Fargo 1031 Exchange Services clients will benefit from Wells Fargo's enhanced product offerings, including qualified trusts
for clients seeking greater security for their exchange proceeds.
Participants who receive distributions directly from their plans and personally roll them over within 60 days to other qualified trusts
or IRAs may be entitled to have the amounts refunded when they file their tax returns.