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.

LEARN MORE
Related Articles
MCAA’s Virtual Trade Show connects our contractor members with the members of MCAA’s Manufacturer/Supplier Council.…
On-the-job safety hazards are a constant risk for mechanical contractors, with some of the most frequently reported injuries coming from routinely used tools and equipment. A few simple precautions can go a long way toward helping maintain health, say the experts at Ridge Tool Company.…
The Manufacturer/Supplier Training area of MCAA’s website connects our contractor members with training opportunities available from the members of MCAA’s Manufacturer/Supplier Council.…
MCAA’s Virtual Trade Show connects our contractor members with the members of MCAA’s Manufacturer/Supplier Council.…
Load More...