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Designated distribution

(A) In general Except as provided in subparagraph (B), the term “designated distribution” means any distribution or payment from or under— (i) an employer deferred compensation plan, (ii) an individual retirement plan (as defined in section 7701(a)(37)), or (iii) a commercial annuity.

(B) Exceptions The term “designated distribution” shall not include— (i) any amount which is wages without regard to this section, (ii) the portion of a distribution or payment which it is reasonable to believe is not includible in gross income, and (iii) any amount which is subject to withholding under subchapter A of chapter 3 (relating to withholding of tax on nonresident aliens and foreign corporations) by the person paying such amount or which would be so subject but for a tax treaty, or (iv) any distribution described in section 404(k)(2). For purposes of clause (ii), any distribution or payment from or under an individual retirement plan (other than a Roth IRA) shall be treated as includible in gross income.

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statutes/26/3405/e.yaml

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Rules

cash_in_lieu_of_fractional_shares_threshold

Parameter

source: 26 USC 3405(e)(8)

- name: cash_in_lieu_of_fractional_shares_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 3405(e)(8)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: cash (not in excess of $200) in lieu of financial shares
  versions:
    - effective_from: '1990-01-01'
      formula: '200'

periodic_payment

Derived

source: 26 USC 3405(e)(2)

- name: periodic_payment
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_is_designated_distribution_as_defined_in_section_3405_e_1
        and payment_is_annuity_or_similar_periodic_payment

nonperiodic_distribution

Derived

source: 26 USC 3405(e)(3)

- name: nonperiodic_distribution
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_is_designated_distribution_as_defined_in_section_3405_e_1
        and not periodic_payment

employer_deferred_compensation_plan

Derived

source: 26 USC 3405(e)(5)

- name: employer_deferred_compensation_plan
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_from_pension_annuity_profit_sharing_or_stock_bonus_plan
        or payment_from_other_plan_deferring_receipt_of_compensation

commercial_annuity

Derived

source: 26 USC 3405(e)(6)

- name: commercial_annuity
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(6)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        contract_is_annuity_endowment_or_life_insurance_contract
        and contract_issued_by_insurance_company_licensed_under_state_law

separate_arrangements_treated_separately

Derived

source: 26 USC 3405(e)(9)

- name: separate_arrangements_treated_separately
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(9)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        payor_has_more_than_one_arrangement_under_which_designated_distributions_may_be_made_to_individual

periodic_payment_first_notice_timely

Derived

source: 26 USC 3405(e)(10)(B)(i)(I)

- name: periodic_payment_first_notice_timely
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(i)(I)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: >-
              not earlier than 6 months before the first of such payments and not later than when
              making the first of such payments
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        payor_transmits_periodic_payment_election_notice_not_earlier_than_six_months_before_first_payment

        and payor_transmits_periodic_payment_election_notice_not_later_than_first_payment

periodic_payment_first_payment_notice_required_when_not_previously_transmitted

Derived

source: 26 USC 3405(e)(10)(B)(i)(II)

- name: periodic_payment_first_payment_notice_required_when_not_previously_transmitted
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(i)(II)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        periodic_payment_first_notice_not_transmitted_when_making_first_payment
        and payor_transmits_periodic_payment_election_notice_when_making_first_payment

annual_periodic_payment_election_and_revocation_notice

Derived

source: 26 USC 3405(e)(10)(B)(i)(III)

- name: annual_periodic_payment_election_and_revocation_notice
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(i)(III)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: not less frequently than once each calendar year
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        payor_transmits_notice_of_periodic_payment_election_and_revocation_rights_at_least_once_each_calendar_year

nonperiodic_distribution_election_notice

Derived

source: 26 USC 3405(e)(10)(B)(ii)

- name: nonperiodic_distribution_election_notice
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payor_transmits_nonperiodic_distribution_election_notice_at_time_of_distribution
        or payor_transmits_nonperiodic_distribution_election_notice_at_earlier_regulatory_time

withholding_includes_deduction

Derived

source: 26 USC 3405(e)(11)

- name: withholding_includes_deduction
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(11)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_action_is_withholding_withhold_or_withheld
        or payment_action_is_deducting_deduct_or_deducted

withholding_election_not_in_effect_due_to_tin_failure

Derived

source: 26 USC 3405(e)(12)

- name: withholding_election_not_in_effect_due_to_tin_failure
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(12)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payee_fails_to_furnish_tin_to_payor_in_required_manner
        or secretary_notifies_payor_before_payment_or_distribution_that_payee_tin_is_incorrect

subsection_a_four_not_apply_due_to_tin_failure

Derived

source: 26 USC 3405(e)(12)

- name: subsection_a_four_not_apply_due_to_tin_failure
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(12)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: withholding_election_not_in_effect_due_to_tin_failure

▸citations (2)

References

This rule cites 2 other rules.

26 USC § 7701 (a)(37)inferredUS Federal › Statutes › Title 26 › § 7701 › (a)(37)
26 USC § 404 (k)(2)inferredUS Federal › Statutes › Title 26 › § 404 › (k)(2)

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us/statute/26/3405/e/1 — Designated distribution · Axiom

Designated distribution

Official source

in view

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statutes/26/3405/e.yaml

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Rules

cash_in_lieu_of_fractional_shares_threshold

Parameter

source: 26 USC 3405(e)(8)

- name: cash_in_lieu_of_fractional_shares_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 3405(e)(8)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: cash (not in excess of $200) in lieu of financial shares
  versions:
    - effective_from: '1990-01-01'
      formula: '200'

periodic_payment

Derived

source: 26 USC 3405(e)(2)

- name: periodic_payment
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_is_designated_distribution_as_defined_in_section_3405_e_1
        and payment_is_annuity_or_similar_periodic_payment

nonperiodic_distribution

Derived

source: 26 USC 3405(e)(3)

- name: nonperiodic_distribution
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_is_designated_distribution_as_defined_in_section_3405_e_1
        and not periodic_payment

employer_deferred_compensation_plan

Derived

source: 26 USC 3405(e)(5)

- name: employer_deferred_compensation_plan
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_from_pension_annuity_profit_sharing_or_stock_bonus_plan
        or payment_from_other_plan_deferring_receipt_of_compensation

commercial_annuity

Derived

source: 26 USC 3405(e)(6)

- name: commercial_annuity
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(6)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        contract_is_annuity_endowment_or_life_insurance_contract
        and contract_issued_by_insurance_company_licensed_under_state_law

separate_arrangements_treated_separately

Derived

source: 26 USC 3405(e)(9)

- name: separate_arrangements_treated_separately
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(9)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        payor_has_more_than_one_arrangement_under_which_designated_distributions_may_be_made_to_individual

periodic_payment_first_notice_timely

Derived

source: 26 USC 3405(e)(10)(B)(i)(I)

- name: periodic_payment_first_notice_timely
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(i)(I)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: >-
              not earlier than 6 months before the first of such payments and not later than when
              making the first of such payments
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        payor_transmits_periodic_payment_election_notice_not_earlier_than_six_months_before_first_payment

        and payor_transmits_periodic_payment_election_notice_not_later_than_first_payment

periodic_payment_first_payment_notice_required_when_not_previously_transmitted

Derived

source: 26 USC 3405(e)(10)(B)(i)(II)

- name: periodic_payment_first_payment_notice_required_when_not_previously_transmitted
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(i)(II)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        periodic_payment_first_notice_not_transmitted_when_making_first_payment
        and payor_transmits_periodic_payment_election_notice_when_making_first_payment

annual_periodic_payment_election_and_revocation_notice

Derived

source: 26 USC 3405(e)(10)(B)(i)(III)

- name: annual_periodic_payment_election_and_revocation_notice
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(i)(III)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
            excerpt: not less frequently than once each calendar year
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        payor_transmits_notice_of_periodic_payment_election_and_revocation_rights_at_least_once_each_calendar_year

nonperiodic_distribution_election_notice

Derived

source: 26 USC 3405(e)(10)(B)(ii)

- name: nonperiodic_distribution_election_notice
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(10)(B)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payor_transmits_nonperiodic_distribution_election_notice_at_time_of_distribution
        or payor_transmits_nonperiodic_distribution_election_notice_at_earlier_regulatory_time

withholding_includes_deduction

Derived

source: 26 USC 3405(e)(11)

- name: withholding_includes_deduction
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(11)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payment_action_is_withholding_withhold_or_withheld
        or payment_action_is_deducting_deduct_or_deducted

withholding_election_not_in_effect_due_to_tin_failure

Derived

source: 26 USC 3405(e)(12)

- name: withholding_election_not_in_effect_due_to_tin_failure
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(12)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        payee_fails_to_furnish_tin_to_payor_in_required_manner
        or secretary_notifies_payor_before_payment_or_distribution_that_payee_tin_is_incorrect

subsection_a_four_not_apply_due_to_tin_failure

Derived

source: 26 USC 3405(e)(12)

- name: subsection_a_four_not_apply_due_to_tin_failure
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3405(e)(12)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3405
  versions:
    - effective_from: '1990-01-01'
      formula: withholding_election_not_in_effect_due_to_tin_failure

▸citations (2)

References

This rule cites 2 other rules.

26 USC § 7701 (a)(37)inferredUS Federal › Statutes › Title 26 › § 7701 › (a)(37)
26 USC § 404 (k)(2)inferredUS Federal › Statutes › Title 26 › § 404 › (k)(2)