lump-sum distribution
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 401 — for purposes of this title (3 versions over time)
For purposes of this subparagraph, the term “lump-sum distribution” has the meaning given such term by section 402(e)(4)(D) (without regard to subclauses (I), (II), (III), and (IV) of clause (i) thereof). Such term includes a distribution of an annuity contract from—
(I) a trust which forms a part of a plan described in section 401(a) and which is exempt from tax under section 501(a), or
(II) an annuity plan described in section 403(a).
26 U.S.C. § 402 — for purposes of this title (17 versions over time)
The term “lump-sum distribution” means the distribution or payment within one taxable year of the recipient of the balance to the credit of an employee which becomes payable to the recipient—
(I) on account of the employee’s death,
(II) after the employee attains age 59½,
(III) on account of the employee’s separation from service, or
(IV) after the employee has become disabled (within the meaning of section 72(m)(7)),