“Domestic”

By ftsig-admin | July 26, 2024

26 C.F.R. § 1.408-2 – Individual retirement accounts. § 1.408-2 Individual retirement accounts. (b)Requirements. An individual retirement account must be a trust created or organized in the United States (as defined in section 7701(a)(9)) for the exclusive benefit of an individual or his beneficiaries. Such trust must be maintained at all times as a domestic trust…

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