Excess accumulation estate tax
Definition
15 % tax that used to apply to excess distributions, which are defined as the aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent such amount exceeds the greater of --
(A) $150,000, or
(B) $112,500
Referring Cite
IRC § 4980A
Additional Helpful Information
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P.L. 105-34, §1073(a): Repealed Code Sec. 4980A. Effective, generally, for excess distributions received after 12-31-96.
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