A 501(c)18 plan is a type of trust that forms part of an employee pension benefit plan. To qualify for tax-exempt status, a 501(c)18 plan must: Have been created before June 25, 1959 Be a valid ...

In a letter ruling, the IRS determined that a recreational community club was not a qualified amateur sports organization.

Contributions are made after taxes, and the money in the plan grows tax-deferred. Once in retirement, distributions are taxed as ordinary income. A 501(c)18 plan is a type of trust that forms part ...