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February 23, 2009

Excess accumulation estate tax

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Definition

15 % tax that used to apply to excess distributions, which are defined as the aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent that such amount exceeds the greater of —
(A) $150,000, or
(B) $112,500

Referring Cite

IRC § 4980A

Additional Helpful Information

  • P.L. 105-34, §1073(a):Repealed Code Sec. 4980A. Effective, generally, for excess distributions received after 12-31-96.

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

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