IRS Clarifies CARES Act Provisions for Retirement Plan Coronavirus-Related Distributions, Participant Loan Enhancements & 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.