Tax Reform Act of 1984

Legislation enacted as part of the Deficit Reduction Act of 1984 to reduce the federal budget deficit. Among its provisions are a decrease in the minimum holding period for assets to qualify for long-term capital gains treatment from one year to six months.

Deficit Reduction Act of 1984

Legislation in the United States that closed some loopholes and eliminated some taxes, but for the most part increased American tax levels. Among other provisions, the Act did this by increasing the number of years over which some assets are depreciated, ending the net interest exclusion up to $900, and established stricter rules for income averaging. Its name in the House of Representatives was the Tax Reform Act of 1984.

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To ease those concerns, Congress added a provision limiting owners' ability to use an employer's plan in the Tax Reform Act of 1984.

Benefits advisors: Let the boss in the cafeteria plan

The Tax Reform Act of 1984 (passed as part of the Deficit Reduction Act of 1984, RL.

Permanent tax savings available through the use of an IC-DISC

The Tax Reform Act of 1984 repealed the estate tax exclusion discussed below generally for estates of decedents dying after 1984.

Individual retirement plans

Equity-for-debt swaps were treated as nontaxable recapitalizations, until the Tax Reform Act of 1984 made such exchanges taxable (see Finnerty, 1987).

Premium debt swaps: the best of both worlds?

As a technical correction to the Tax Reform Act of 1984, section 1804(e)(6) of the 1986 Act adopted the current version of section 332(b)(1), which determines such eligibility by reference to section 1504(a)(2).

Proposed section 368 regulations (remote continuity-of-interest doctrine). (Tax Executive Institute's comments submitted to IRS on April 30, 1997)

The innocent spouse provisions were amended by the Tax Reform Act of 1984 to broaden the scope of relief.

Protecting innocent spouses

Congress began to clarify the benefits area in the Tax Reform Act of 1984. The act created three classes of fringe benefits: 1.

Designing benefits to survive in today's business environment

4170, the Tax Reform Act of 1984. In both instances, however, it was removed from the final bill by House-Senate Conference committees.

House bill offers fairness to small case claimants

Although the Tax Reform Act of 1984 (TRA) increased liabilities by delaying, reducing, or repealing certain tax reductions enacted by ERTA and scheduled to take effect in 1985, the increase was not enough to overcome large final payments arising &om underpayments of the 1984 liabilities.3 Both liabilities and payments were affected by the indexing provisions of ERTA and the corresponding cut in withholding rates, which went into effect in January 1985.

Federal personal income tax liabilities and payments: revised and updated estimates, 1984-86

Under the Tax Reform Act of 1984, signed into law last summer, finance lease laws determine whether a transaction is a lease or a purchase.

Tax benefits make leasing a growing industry trend

What changes from the Tax Reform Act of 1984 will affect my IRA account?

Smoothing the tax road

The Tax Reform Act of 1984 also amended TEFRA to provide that the $100,000 limit shall not apply to the estate of any decedent who (a) was a plan participant on pay status on December 31, 1982, and (b) irrevocably elected before January 1, 1983, the form of benefit.