§1021 — Sale of annuities

18 cases·2 distinguished·2 questioned·2 overruled·12 cited

Statute Text — 26 U.S.C. §1021

In case of the sale of an annuity contract, the adjusted basis shall in no case be less than zero.

Treasury Regulations

Treas. Reg. §Treas. Reg. §1.1021-1 Sale of annuities

18 Citing Cases

Estate of Martin J. Machat, Deceased; Avril Giacobbi and Eric R. Sklar, Executors, Petitioners T.C. Memo. 1998-154 · 1998

ERISA section 1021(a), 88 Stat. 104, added section 401(a)(13), which requires tax-qualified plans to provide "that benefits provided under the plan may not be assigned or alienated." This prohibition generally precludes the plan from recognizing the rights of creditors with respect to a participant's interest under the plan. In the years following the en

Galen J. Smith, Petitioner T.C. Memo. 1996-292 · 1996

1021(c), 88 Stat. 829, 935, to require tax-qualified plans to provide "that benefits provided under the plan may not be assigned or alienated". ERISA, sec. 514(a), 29 U.S.C. sec. 1144(a) (1988), provides that the labor title of ERISA preempts State law. Consequently, after the enactment of ERISA, it was unclear whether this preemption provisio

Francis Jungers Sole Proprietorship v. Commissioner 78 T.C. 326 · 1982

Sofco Erectors, Inc. v. Trustees of the Ohio Operating Eng'rs Pension Fund 15 F.4th 407 · Cir.

Lonecke v. CitiGroup Pension Plan 584 F.3d 457 · Cir.

In Re: Citigroup Pension Plan ERISA · Cir.

Garratt, Reg G. v. Knowles, James E. 245 F.3d 941 · Cir.

Reg G. Garratt v. James E. Knowles, Nancy Knowles, Charles L. Knowles, Katherine Knowles Strasburg, Margaret Knowles Schink, E. Lawrence Keyes, R. Euguene Goodson, Defrees & Fisk and John W. Hupp 245 F.3d 941 · Cir.

SIH Partners LLLP, Explorer Partner Corporation, Tax Matters Partner, Petitioners · 2018

The Limited, Inc. and Consolidated Subsidiaries, Petitioner 113 T.C. No. 13 · 1999

Powell v. Commissioner 101 T.C. 489 · 1993

Darby v. Commissioner 97 T.C. 51 · 1991

United States v. Jane Boyd 991 F.3d 1077 · Cir.

Donna Browe v. CTC Corp. · Cir.

In Re Citigroup ERISA Litigation 662 F.3d 128 · Cir.

Eastman Kodak Company v. Stwb, Inc. 452 F.3d 215 · Cir.

National Security Systems, Inc. v. Iola 700 F.3d 65 · Cir.

Eastman Kodak Co. v. STWB, Inc. 452 F.3d 215 · Cir.