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IRS PLRs

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ByFrank

L1: IRS PLRsA few months back a frequent visitor to this message board announced that hehad two clients who werefilingseparate PLRs with the IRS concerning limits for 72t distributions. If I recall correctly,there were informal discussions with the IRS that the maximum 120% of the Mid-term interest rate was merely a guideline and that a higher distribution might be allowable in some cases. Can anyone update me on the status of these PLRs? Thanks in advance for your help. 2003-12-08 16:28, By: Frank, IP: [127.0.0.1]
L2: IRS PLRsHello Frank:
I guess I am the “frequent visitor”. Both PLR requests are still pending; much to my dismay. Sometime during the Summer of 2003, the Employee Plans Technical & Actuarial Units reorganized; let”s just say for the worse; at least, so they tell me; resulting in several workload backups. As a result, I now expect answers on both PLRs in the 1st quarter of next year.
TheBadger
wjstecker@wispertel.net
2003-12-08 16:40, By: TheBadger, IP: [127.0.0.1]

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