Instead of expensing the entire premium on the time of cost, a portion of the price is initially recorded as an asset because the protection has not but been utilized. For example, an organization might pay a six-month or annual premium for its property, car, or liability protection. This upfront cost secures safety for a specified length extending past the present accounting period. Pay As You Go...
octubre 2023
These rules are based on the rules in the 2002 final regulations but are updated to reflect new section 401(a)(9)(H). For example, the option for a designated beneficiary of an employee who participates in a defined contribution plan to elect to receive distributions over the designated beneficiary’s life expectancy is limited to an eligible designated beneficiary. These regulations are also updated to...