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This page contains a single entry by Associate Editor published on April 15, 2009 12:40 AM.

IR-2009-032: IRS Grants Minnesota, North Dakota Flood Victims until May 15 To File Tax Returns, Make Payments was the previous entry in this blog.

PLR 200915017: Trust Income Exempt as Exercise of Essential Government Function is the next entry in this blog.

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PLR 200915016: Trust Income Exempt as Exercise of Essential Government Function

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Associate Editor
on April 15, 2009 TrackBacks (0) Comments (0)

In PLR 200915016, the IRS ruled that income and a trust providing health and welfare benefits to retired state employees is excludable from gross income under section 115. The IRS also ruled that contributions to the trust will be excludable from the retirees' gross income under section 106.

Posted by Min Young Choi, Associate Editor, Wealth Strategies Journal.

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