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.…
As communities face challenges with aging water and underground infrastructure, an increasing number of contractors are discovering the benefits of HDPE pipe to address those challenges. HDPE is a cost-effective, easy-to-install, and versatile piping material for any underground utility project—from communications, electrical, and geothermal to sewer and domestic water. Contractors have used HDPE for over 50 years, yet its applications continue to expand, particularly in water and sewer line upgrades.…
CNA released the top loss trends in construction and the mechanical industry from their book of business highlighting workers compensation, auto, and general liability loss drivers. They are also highlighting several Safety Week resources that can support your company’s safety activities during the week, which runs from May 5-9.…
The PCA Plumbing Service Conference is right around the corner – happening May 19–21 in St. Louis, MO – and there are only a few spots left! Don't miss out on your best opportunity to learn, share, and grow in your understanding of operational plumbing service. With industry leaders, in depth tours, and invaluable networking, this is a conference you don’t want to miss. Sign up now!…
Load More...