qualified profit sharing plan

A plan in which an employer’s contributions are not taxed to the employee until distribution.

• The employer is allowed to deduct the contributions. IRC (26 USCA) § 401(a). — Often shortened to qualified plan. [Cases: Internal Revenue 3578. C.J.S. Internal Revenue §§ 294–295, 302–304.]

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词条贡献者

译者黎川，毕业于世界顶级翻译学院，擅长翻译各种与专利与技术诉讼相关的法律文件。