Goodwin (JD Supra Puerto Rico)
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IRS Amends Revenue Ruling 81-100 to Permit Participation in Group Trusts by Puerto Rico Plans and Insurance Company Separate Accounts
The Internal Revenue Service (the “IRS”) issued Revenue Ruling 2014-24 (the “Ruling”). The Ruling amends Revenue Ruling 81-100, the ruling that established the requirements applicable to a tax-qualified group trust. The Ruling expressly permits participation in a group trust by pension, profit sharing and stock bonus plans described in Section 1022(i)(1) of the Employee Retirement Income...
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