Table of Contents

• Notice 2005-90
  • PURPOSE
  • BACKGROUND
  • DISCUSSION
  • EFFECTIVE DATE
  • REQUEST FOR COMMENTS AND CONTACT INFORMATION
• Notice 2005-91
  • PURPOSE
  • BACKGROUND
  • FAMILY SHAREHOLDER ELECTION
• Notice 2005-92
  • PURPOSE
  • BACKGROUND
  • SECTION 1: QUALIFIED HURRICANE KATRINA DISTRIBUTIONS
    • A. Special tax treatment for Qualified Hurricane  Katrina distributions.
    • B. Definition of qualified individual.
    • C. Definition of  Katrina distribution.
    • D. Certain  Katrina distributions are permitted to be recontributed.
    • E. Definition of principal place of abode.
  • SECTION 2. GUIDANCE FOR EMPLOYER RETIREMENT PLANS MAKING KATRINA DISTRIBUTIONS
    • A.  Katrina distributions are generally treated as satisfying certain plan distribution restrictions.
    • B. Direct rollover and 20% withholding requirements are not applicable to  Katrina distributions.
    • C. Treatment of distributions as  Katrina distributions.
    • D. Distribution limits on  Katrina distributions.
    • E. Reliance on reasonable representations.
    • F. An employer retirement plan will be treated as operating in accordance with its terms if certain requirements are satisfied.
  • SECTION 3. GUIDANCE FOR ELIGIBLE RETIREMENT PLANS MAKING, OR ACCEPTING RECONTRIBUTION OF, KATRINA DISTRIBUTIONS
    • A. Tax reporting on  Katrina distributions.
    • B. Reliance on representations relating to the recontribution of a  Katrina distribution.
  • SECTION 4. GUIDANCE FOR INDIVIDUALS RECEIVING KATRINA DISTRIBUTIONS UNDER SECTION 101 OF KETRA
    • A. Election to designate a distribution as a  Katrina distribution.
    • B. Income inclusion for  Katrina distributions
    • C. Tax treatment of recontributions of  Katrina distributions.
    • D. Tax treatment of recontributions of a  Katrina distribution using the 1-year income inclusion method.
    • E. Tax treatment of recontributions of a  Katrina distribution using the 3-year ratable income inclusion method.
    • F. Recontributions of a  Katrina distribution may be carried back or forward when using the 3-year ratable income inclusion.
    • G. Special rule for 3-year ratable income inclusion method for  Katrina distributions.
    • H.  Katrina distributions will not be treated as a change in substantially equal periodic payments.
  • SECTION 5. APPLICATION OF SECTION 103 OF KETRA TO PLAN LOANS
    • A. Increase in the allowable loan amount.
    • B. Suspension of payments and extension of term of loan.
    • C. Qualified employer plan may rely on reasonable representations.
  • DRAFTING INFORMATION
• Notice 2005-95
  • I. Purpose
  • II. Overview
  • III. General Timing Rules for Plan Amendments
  • IV. Amendment Timing Issues for Provisions Modified in this Notice
    • Retroactive Annuity Starting Date
    • Automatic Rollover
    • Final §§ 401(k) and 401(m) Regulations
  • V. Other Delays in Amendment Timing Issues
    • Required Minimum Distributions for Defined Benefit Plans
    • Suspension of Benefits Plan Amendments
    • Professional Employer Organizations
    • Pension Funding Equity Act of 2004
    • Hurricane Katrina Relief
  • VI. Other Amendment Issues
    • Designated Roth Contributions
    • Good Faith Amendments
    • Maintaining the Pre-approved Status of a Pre-approved Plan
  • VII. Effect on other Documents
  • DRAFTING INFORMATION
• Rev. Proc. 2005-77
  • SECTION 1. PURPOSE
  • SECTION 2. BACKGROUND
  • SECTION 3. EXPANSION OF AGENCY PROVISION
  • SECTION 4. EFFECTIVE DATE
  • SECTION 5. EFFECT ON OTHER DOCUMENTS
  • SECTION 6. CONTACT INFORMATION
• Rev. Proc. 2005-78
  • SECTION 1. PURPOSE
  • SECTION 2. SUMMARY OF STANDARD MILEAGE RATES
  • SECTION 3. BACKGROUND AND CHANGES
  • SECTION 4. DEFINITIONS
  • SECTION 5. BUSINESS STANDARD MILEAGE RATE
  • SECTION 6. RESERVED
  • SECTION 7. CHARITABLE, MEDICAL, AND MOVING STANDARD MILEAGE RATES
  • SECTION 8. FIXED AND VARIABLE RATE ALLOWANCE
  • SECTION 9. APPLICATION
  • SECTION 10. WITHHOLDING AND PAYMENT OF EMPLOYMENT TAXES
  • SECTION 11. EFFECTIVE DATE
  • SECTION 12. EFFECT ON OTHER DOCUMENTS
  • DRAFTING INFORMATION