Internal Revenue Bulletin:  2004-49 

December 6, 2004 

EMPLOYMENT TAX


Table of Contents

T.D. 9159 T.D. 9159

Temporary regulations define the term “salary reduction agreement” for purposes of section 3121(a)(5)(D) of the Code.

REG-155608-02 REG-155608-02

Proposed regulations provide updated guidance on tax-shelter annuities, custodial accounts of public schools and section 501(c)(3) tax-exempt organizations and church retirement income accounts authorized under section 403(b) of the Code. These regulations would provide the public with guidance necessary to comply with the law and affect sponsors of section 403(b) contracts, administrators, participants, and beneficiaries. A public hearing is scheduled for February 15, 2005.


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