Also published in Accounting Today:
10 Biggest Estate Planning Mistakes
x hide permanently

IRS eases retirement plan loans and distributions to Hurricane Irma victims | Accounting Today

Accounting Today

The Internal Revenue Service streamlined the rules Tuesday to make it easier for 401(k)s and similar employer-sponsored retirement plans to make loans and hardship distributions to victims of Hurricane Irma and members of their families. The relief is similar to relief provided recently to victims of Hurricane Harvey. The IRS is also providing tax-filing and payment relief to Irma victims (see IRS offers tax filing relief to Hurricane Irma victims in Florida and Puerto Rico).