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788 (1997) (TRA 'ninety seven). The textual content in the non permanent restrictions served as a portion of the text of the proposed restrictions. Only a few reviews were submitted to the proposed laws; no Listening to was asked for or held. Following thing to consider in the comments, these last rules adopt the provisions in the proposed regulations. Clarification of Provisions
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Par. 7. From the desk underneath, for every section indicated inside the remaining column, take away the language in the center column and incorporate the language in the correct column:
The IRS and Treasury Observe that elimination from the lookback rule is not likely to existing major alternatives for contributors to evade the spousal-consent principles. In the situation of any approach issue into the spousal-consent provisions of sections 401(a)(11) and 417, a distribution that attracts a participant's accrued gain from a worth over the cash-out limit to a worth at or under the cash-out Restrict will alone need spousal consent.
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