This section mandates that employers who withheld $12,000 or more during the look-back period for the calendar year
must make semi-weekly payments of the amounts withheld during each remaining quarter of that calendar year
and for the succeeding calendar year
However, a participant's right is legally binding if the compensation can be reduced or eliminated only upon an unlikely condition, such as a 50% drop in the Dow Jones industrial average during a given calendar year
5, 2001, Page 791, clarifies these effective dates as follows: "For this purpose, distributions for calendar year
2001 do not include a distribution that is required to be made by April 1, 2001, for calendar year
2000, such as for an IRA owner or retired qualified plan participant who attains age 70.
However, if instead, $10 million is paid during the next calendar year
(as indicated by the prior three-year average) and no additional reserves are added to the current reserves, then the new three-year average payment is now $9 million (averaging $7 million, $10 million, and $10 million).
For example, a five-year, calendar-year lease providing for rent of $100,000 per calendar year
and total rent of $500,000 contains a qualifying rent allocation.
For a special partner, the payment commencement year is the later of the calendar year
following the calendar year
in which the special partner's retirement date occurs, or the calendar year
in which he or she attains age 60 (age 55, for partners with 25 years or more of service).
7701(b)(1)(A)(i) provides that an RA is a person who is a lawfully permanent RA at any time during the calendar year
The new RMD rules are proposed to be effective for distributions from QRPs for calendar years
beginning after 2001.
The resolution process in connection with the claims of loss of market share for the calendar years
of 2003 and 2004 is expected to be extensive.
at least 31 calendar days of the calendar year
and 183 days during the current year and the two preceding calendar years
(substantial presence test); see Sec.
Gold Award certificates were presented to 117 facilities for achieving at least a 25% reduction in the total recordable incidence rate during the 2005 calendar year
as compared with the average total recordable incidence rate for the three previous calendar years
Has not changed its tax year at any time within the last six calendar years
, ending with the calendar year
that includes the beginning of the short period required to effect the change.
Gold Award certificates were presented to 101 facilities for achieving at least a 25% reduction in the total recordable incidence rate during the 2004 calendar year
as compared to the average total recordable incidence rate for the three previous calendar years
The corporation has not changed its year-end in the last 10 calendar years
31; and (b) the greater of (i) statutory net income for the calendar year
preceding the dividend date, minus realized capital gains for that calendar year
; and (ii) the aggregate of statutory net income for three calendar years
preceding the dividend date, minus realized capital gains for those calendar years
and minus dividends paid or credited within the first two of the three preceding calendar years