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Linda
Have you heard whether the IRS will finalize the new Table I rates for GTLI with the July 1, 1999 effective date?
Deborah Grace
On May 6, 1999, the IRS held a hearing on the proposed regulations. To date, no decision has been made as to the final effective date.
Carrie Brennan
I don't have an answer on this, but I really need to know! We bill a month in advance, so I need to get my tables updated in a few days. Can anyone help?
Linda
The 5/10 BNA Pension & Benefits Reporter had an article on the IRS hearing titled "Witness Urges Delay..." A representative of the American Payroll Association asked for a 1/1/2000 effective date but the article didn't say what the IRS will do.
Jonathan L
Final regulations were issued on May 28, 1999 by the IRS on Code Section 79 (Table 1) rates. The new rates are effective 7/1/99.
Dave Baker
http://www.benefitslink.com/links/19990601-001947.shtml (click)
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