Friday, December 18, 2020

IRS issues new guidance on extended rollover periods for certain plan loan offsets.

The Tax Cut and Jobs Act of 2017 extended the rollover period for qualified plan loan offset (QPLO) amounts. The IRS recently released proposed regulations, which can be relied upon today, to clarify how this extension applies. If the plan has a loan provision, it's important to understand any implications for your employees. Read our recent article.