457

ComplianceOctober 24, 2016

IRS Relaxes Loan and Hardship Procedures for Hurricane Matthew Victims

A retirement plan can allow a victim of Hurricane Matthew to take a hardship distribution or borrow up to the specified statutory limits from the victim’s retirement plan, or allow a person who lives outside the disaster area to take a loan or hardship distribution to assist a family member who was a victim.

SPONSORED MESSAGES