IRS Clarifies CARES Act Provisions for Retirement Plan Coronavirus-Related Distributions, Participant Loan Enhancements and Required Minimum Distributions

By Kathy Odle, Kirsten Stewart, and George Tsai

IRS issues important guidance, including tax reporting clarification, to retirement plan sponsors and administrators on dealing with coronavirus-related distributions, participant loan repayment deferrals, and required minimum distributions that are waived for 2020.

Read the full advisory HERE.