Compliance November 30, 2012

IRS Announces Hurricane Relief Phone Forum

November 30, 2012 (PLANSPONSOR.com) – The IRS is holding a phone forum to discuss relaxed hardship and loan rules for victims of Hurricane Sandy.

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Announcement 2012-44 said retirement plans can provide this relief to employees and certain members of their families who live or work in the disaster area (see “IRS Allows for Hurricane Hardships”). Eric Slack, acting manager of Employee Plans Technical Guidance, will discuss the announcement and the options available to employees, their families and plan sponsors.   

During the December 11 event, he will answer a number of common questions resulting from the issued announcement. Other questions can be submitted via email at ep.phoneforum@irs.gov on or before December 7.   

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More information is at http://www.irs.gov/Retirement-Plans/Phone-Forums-Retirement-Plans.

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