§ 54.4979-0 Excise tax on certain excess contributions and excess aggregate…
26 C.F.R. Part 54 — Pension Excise Taxes · 2026 edition · updated 2026-10-04 · United States
This section contains the captions that appear in § 54.4979.
§ 54.4979-1 Excise tax on certain excess contributions and excess aggregate contributions. (a) In general. (1) General rule. (2) Liability for tax. (3) Due date and form for payment of tax. (4) Special rule for simplified employee pensions. (b) Definitions. (1) Excess aggregate contributions. (2) Excess contributions. (3) Plan. (c) No tax when excess distributed within 2 1/2 months of close of year or additional employer contributions made. (1) General rule. (2) Tax treatment of distributions. (3) Income. (4) Example. (d) Effective date. (1) General rule. (2) Section 403(b) annuity contracts. (3) Collectively bargained plans and plans of state or local governments. (4) Plan years beginning before January 1, 1992.
[T.D. 8357, 56 FR 40550, Aug. 15, 1991; 57 FR 10290, Mar. 25, 1992, as amended by T.D. 8581, 59 FR 66181, Dec. 23, 1994]
Get a plain-English answer with a citation back to this text.
Ask AI about this code