Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts; Final Rule
Federal Register, July 26, 2007, Page 41127-41160
Internal Revenue Service (IRS), Treasury
This document promulgates final regulations under section 403(b) of the Internal Revenue Code and under related provisions of sections 402(b), 402(g), 402A, and 414(c). The regulations provide updated guidance on section 403(b) contracts of public schools and tax-exempt organizations described in section 501(c)(3). These regulations will affect sponsors of section 403(b) contracts, administrators, participants, and beneficiaries.
Effective Date: July 26, 2007. Applicability Date: These regulations generally apply for taxable years beginning after December 31, 2008. However, see the ``Applicability date'' section in this preamble for additional information regarding the applicability of these regulations.
Concerning the regulations, John Tolleris, (202) 622-6060; concerning the regulations as applied to church-related entities, Robert Architect (202) 283-9634 (not toll-free numbers).