PUBLIC LAW 109–135—DEC. 21, 2005
119 STAT. 2635
SEC. 407. AMENDMENTS RELATED TO THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001.
(a) AMENDMENTS RELATED TO SECTION 617 OF THE ACT.— (1) Clause (ii) of section 402(g)(7)(A) is amended to read as follows: ‘‘(ii) $15,000 reduced by the sum of— ‘‘(I) the amounts not included in gross income for prior taxable years by reason of this paragraph, plus ‘‘(II) the aggregate amount of designated Roth contributions (as defined in section 402A(c)) for prior taxable years, or’’. (2) Subparagraph (A) of section 402(g)(1) is amended by inserting ‘‘to’’ after ‘‘shall not apply’’. (b) AMENDMENT RELATED TO SECTION 632 OF THE ACT.— Subparagraph (C) of section 415(c)(7) is amended by striking ‘‘the greater of $3,000’’ and all that follows and inserting ‘‘$3,000. This subparagraph shall not apply with respect to any taxable year to any individual whose adjusted gross income for such taxable year (determined separately and without regard to community property laws) exceeds $17,000.’’. (c) EFFECTIVE DATE.—The amendments made by this section shall take effect as if included in the provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 to which they relate.
26 USC 402.
26 USC 402 note.
SEC. 408. AMENDMENTS RELATED TO THE INTERNAL REVENUE SERVICE RESTRUCTURING AND REFORM ACT OF 1998.
(a) AMENDMENTS RELATED TO SECTION 3415 OF THE ACT.— (1) Paragraph (2) of section 7609(c) is amended by inserting ‘‘or’’ at the end of subparagraph (D), by striking ‘‘; or’’ at the end of subparagraph (E) and inserting a period, and by striking subparagraph (F). (2) Subsection (c) of section 7609 is amended by redesignating paragraph (3) as paragraph (4) and by inserting after paragraph (2) the following new paragraph: ‘‘(3) JOHN DOE AND CERTAIN OTHER SUMMONSES.—Subsection (a) shall not apply to any summons described in subsection (f) or (g).’’. (b) EFFECTIVE DATE.—The amendments made by this section shall take effect as if included in section 3415 of the Internal Revenue Service Restructuring and Reform Act of 1998.
26 USC 7609 note.
SEC. 409. AMENDMENTS RELATED TO THE TAXPAYER RELIEF ACT OF 1997.
(a) AMENDMENTS RELATED TO SECTION 1055 OF THE ACT.— (1) The last sentence of section 6411(a) is amended by striking ‘‘6611(f)(3)(B)’’ and inserting ‘‘6611(f)(4)(B)’’. (2) Paragraph (4) of section 6601(d) is amended by striking ‘‘6611(f)(3)(A)’’ and inserting ‘‘6611(f)(4)(A)’’. (b) AMENDMENT RELATED TO SECTION 1112 OF THE ACT.— Subsection (c) of section 961 is amended to read as follows: ‘‘(c) BASIS ADJUSTMENTS IN STOCK HELD BY FOREIGN CORPORATIONS.—Under regulations prescribed by the Secretary, if a United States shareholder is treated under section 958(a)(2) as owning stock in a controlled foreign corporation which is owned by another controlled foreign corporation, then adjustments similar to the
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