### Question
How does the law define qualified reserve plan?


### Answer
Under *26 U.S.C. § 404A*, **qualified reserve plan** is defined as:

> a qualified foreign plan with respect to which an election made by the taxpayer is in effect for the taxable year

#### Citation:
  - *26 U.S.C. § 404A*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart A-General Rule**

