IRS Revenue Ruling 2010-27 – What constitutes an Unforeseeable Emergency Distribution under section 457(b) of the Code and regulations section 1.457-6(c).

This ruling provides guidance, in the form of examples, on what constitutes an unforeseeable emergency distribution under section 457(b) of the Code and regulations section 1.457-6(c). The ruling also applies the same standards to distributions from a nonqualified deferred compensation plan subject to section 409A.

Related Links:

• IRS Revenue Ruling 2010-27, 2010-45 I.R.B. 620 – What constitutes an Unforeseeable Emergency Distribution [PDF]
• IRS Revenue Ruling 2010-27, 2010-45 I.R.B. 620 – What constitutes an Unforeseeable Emergency Distribution [HTML]
• 2010-45 I.R.B. 620 (November 8, 2010)
• IRC Section 457(b) – Deferred compensation plans of State and local governments and tax-exempt organizations – Eligible deferred compensation plan defined
• IRC Section 409A – Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans