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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  • P.L. 105-34, §1073(a):Repealed Code Sec. 4980A.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.
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