Friday, August 22, 2014

Fwd: RR-2014-24: group trust investments by certain Puerto Rican retirement plans and insurance company separate accounts



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From: Guidewire <irs@service.govdelivery.com>
Date: Thu, Aug 21, 2014 at 11:55 AM
Subject: RR-2014-24: group trust investments by certain Puerto Rican retirement plans and insurance company separate accounts
To: iammejtm@gmail.com


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IRS GuideWire August 21, 2014

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Issue Number:    RR-2014-24

Inside This Issue


Revenue Ruling 2014-24 modifies the list of group trust retiree benefit plans eligible to participate in 81-100 group trusts in accordance with the requirements of Rev. Rul. 2011-1, 2011-2 I.R.B. 251, as modified by Notice 2012-6, 2012-3 I.R.B. 293, to include trusts of certain retirement plans qualified only under the Puerto Rico Code (Código de Rentas Internas para un Nuevo Puerto Rico de la Ley Núm. 1 de 31 de enero de 2011) and clarifies that assets held by certain separate accounts maintained by insurance companies may be invested in 81-100 group trusts.  In addition Rev. Rul 2014-24 provides limited transition relief.

This revenue ruling will be  in Internal Revenue Bulletin 20174-37, dated September 8, 2014

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