IRS ISSUES GUIDANCE FOR CORONAVIRUS-RELATED DISTRIBUTIONS AND LOANS FROM RETIREMENT PLANS UNDER THE CARES ACT
In a previous client alert, we discussed several provisions under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) that provide relief to “qualified individuals” with regard to “coronavirus-related distributions” (“CRDs”) and loans from their retirement plan accounts. Specifically, one such provision allows qualified individuals participating in specified...
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