Notice 2011-18 provides transitional relief from information reporting requirements in section 6045B of the Internal Revenue Code (“Code”) that apply to issuers of stock with respect to organizational actions that affect the basis of the stock.
Revenue Ruling 2011-7 provides guidance clarifying how the section 403(b) plan termination provisions apply. Final regulations under § 403(b) were published in 2007. Under the regulations a § 403(b) plan is permitted to contain provisions that provide for plan termination and that allow accumulated benefits to be distributed on termination. This revenue ruling provides guidance clarifying how the section 403(b) plan termination provisions apply.