Certain sections of the tax code (such as §1031 like-kind exchanges and §482 transfer pricing) have become their own mini-specialty. §401-§420 (deferred compensation) is another such area of the code. In the following posts, I’ll go over the “high points” of these code provisions, starting with today’s general introduction to the topic.
The opening sentence of §401 contains a large amount of important information:
A trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries shall constitute a qualified trust under this section—
Here are that sentence’s key provisions:
 In Re Rothko, 43 N.Y. 2d 305 (I have reversed the order of the quotes for the sake of clarity).
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