How CARES Act Affects Employee Retirement Plan Distributions
Health Consultants Group
APRIL 1, 2021
Even if you’re not quite back to business as usual, it’s tax time, and the IRS expects you to be ready. If you allowed your employees to access emergency distributions, rollovers, and loans, they must address those funds in their 2020 tax returns. The rules expanded distribution options and waived certain taxes and other requirements.
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