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Recalculation date

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Bydogger

L1: Recalculation dateI have a client who has a SEPP that was started in 2002 with a recalculation date of 12/1 using the 11/30 balance. Is it possible after all this time to safely move the recalc date to 1/1 using the 12/31 balance?
The revenue ruling is vague in my opinion. 2005-12-06 13:23, By: dogger, IP: [66.42.140.168]

L2: Recalculation dateHello dogger:
Unfortunately the answer is no. The Revenue Ruling is actually more than vague, it is silent on recalculation plans. So, one needs to look to the Information Letter issued by the IRS on this subject back in 2000 which basically sayspick a date to update all three variables and on that same date every year, update the variables again and recompute.
TheBadger
wjstecker@wispertel.net
2005-12-06 20:24, By: TheBadger, IP: [66.250.23.21]

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