IRS Announces Additional Guidance for Coronavirus-Related Distributions and Loans

June 30, 2020

The IRS has released Notice 2020-50, which offers added guidance and relief for retirement plan participants taking pandemic-related distributions and loans under the CARES Act. Notice 2020-50 expands the definition of qualified individuals under the Act and provides guidance regarding coronavirus-related distributions and loans. Lindabury, McCormick, Estabrook & Cooper, P.C. have prepared a summary outlining the details, including the criteria for eligibility.

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Registration is open for the 2022 MEP Innovation Conference!
Register now to join us Jan. 24-26 in Tamp, FL to network with peers from across multiple trades to learn their practices and advances in the industry.
Click here for more info and to register >> https://www.mcaaevents.org/itc/

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