See Q 234 (IRAs), Q 342 and Q 350 (qualified plans) and Q 496 (tax sheltered annuities).
* The requirements for lifetime distributions from individual accounts are explained at Q 235 (IRAs), Q 344 (qualified plans) and Q 497 (tax sheltered annuities).
Organizations that can make 403(b) tax sheltered annuities
available to their employees.
Tax Facts on Insurance & Employee Benefits covers the federal income, estate and gift taxation of annuities, life insurance, health insurance, individual retirement accounts (IRAs), pension and profit sharing plans (including 401(k) plans), ESOPs, nonqualified deferred compensation plans, tax sheltered annuities
for teachers and employees of certain tax exempt organizations, rollovers, cafeteria plans, VEBAs, and business continuation arrangements.
Entry Level Training; Ongoing Kelly McCarty training with CE Credits; Marketing 1200 East Main seminars and materials; Advertising Panora, IA, 50216 tie-ins; Advanced sales support: 800-362-1097 Telephone support; Web support firstname.lastname@example.org 403(b); Deferred Annuities; www.biltd.com Deferred Indexed; Immediate; Single Premium; Deferred Fixed; Equity Indexed Chase Insurance Marketing seminars and materials; 1600 McConnor Parkway Advanced sales support; Telephone Schaumburg, IL, 60196 support; Web support 847-874-7766 403(b); 401(k); Deferred Annuities; www.zurichlifeus.com Group Deferred; Individual; Single Premium; Tax Sheltered Annuities
; 457 Plans; Deferred Fixed; Guarantee Options; Variable Deferred CJA & Associates, Inc.
Current law imposes a 15-percent excise tax on "excess distributions" from qualified plans, tax sheltered annuities, and IRAs.
In a change that may significantly benefit highly compensated employees with large accumulations in qualified plans, tax sheltered annuities, and IRAs, the Act temporarily suspends the 15-percent excise tax on excess distributions received in 1997, 1998, and 1999.
Healy, Richard C., 1981, An Economic Analysis of Tax Sheltered Annuities
for Employees of Non-Profit Organizations, Journal of Insurance Issues and Practices, January: 43-49.
That section imposes a 15% penalty on excess distributions from qualified plans, including Keogh plans and employee stock ownership plans (ESOPs), tax sheltered annuities
, and IRAs.
Special rules applicable to amounts received under pension, profit sharing or stock bonus plans, under annuities purchased by any such plan or under IRC Section 403(b) tax sheltered annuities
are discussed in Q 442 to Q 444, and Q 500.
(10) Qualified plans and tax sheltered annuities
are not required to accept rollovers, direct or otherwise.
(5) The Uniformed Services University of the Health Sciences will be treated as a 501(c) (3) employer for purposes of providing tax sheltered annuities
for employee members of the civilian faculty or staff with respect to service after December 31, 1979.