RSW Enterprises, Inc. v. Commissioner

143 T.C. No. 21

UNITED STATES TAX COURT RSW ENTERPRISES, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent KEY LIME INVESTMENTS, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 14820-11R, 14821-11R. Filed November 26, 2014. Ps, domestic corporations, each established a retirement plan and received a favorable determination letter from the IRS regarding the plans’ qualified status under I.R.C. sec. 401(a). The IRS later revoked the plans’ qualified status on the basis that each plan failed to satisfy the coverage requirements of I.R.C. secs. 401(a)(3)…