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This page contains a single entry by Associate Editor published on April 15, 2009 12:44 AM.

PLR 200915016: Trust Income Exempt as Exercise of Essential Government Function was the previous entry in this blog.

IRS Tax Tip 2009-28: What to Do If You Are Missing a W-2 is the next entry in this blog.

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PLR 200915017: 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 200915017, the IRS ruled that income from a trust providing health and welfare benefits to retired state employees is excludable from gross income under section 115. In addition, the IRS 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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