Additional Clarity on CARES Act Provisions303 views
Over the past few weeks, the Internal Revenue Service issued Notices (2020-50 / 2020-51 / 2020-52) to provide greater clarify on provisions under the CARES Act.
Key Provisions Impacting the Retirement Industry
- Notice 2020-50 – Coronavirus Related Distributions (CRD) and Coronavirus Related Loans (CRL)
- Notice 2020-51 – Required Minimum Distributions (RMD)
- Notice 2020-52 – Suspension of Safe Harbor Match, new and temporary rules