Is the value of a pension considered an asset if I did not contribute to the Pension Plan (for IRS Insolvency purposes)
i am trying to determine who to claim as assets for IRS insolvency.
Attorney Answers
2
Henry Daniel LivelyTax LawyerNewport Beach, CA ·
Yes, if you are vested in the plan.
Any individual seeking legal advice for their own situation should retain their own legal counsel as this response provides information that is general in nature and not specific to any person's unique situation. Circular 230 Disclaimer - Advice given in this response cannot be used to eliminate penalties with the IRS or any other governmental agency.
0 upvotes
Robert Suhajda ·
Agreed. It is the value of your vested interest.
0 upvotes
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