Speaker: Stephen W. Forbes, J.D., LL.M. (taxation), Forbes Retirement Plan Consulting
Experience Level for Attendees: Intermediate
Target Audience: TPAs, Administrators, Attorneys, Accountants and Consultants
Keywords: Corrections, loans, EPCRS, disqualification, loan failures, loan corrections, self-correction, avoiding deemed distributions
IRS Program Number: CZTXU-Q-01086-19-O
Description: Some of the more significant changes made by the COVID19 legislation (CARES Act) are to the rules regarding participant loans. In addition to the long-awaited self correction options for correcting loan failures, we will cover these recent changes. The new correction options should save your clients considerable time and money. As with all new correction procedures, there are many questions on the application to the different loan failures. In this webcast, in addition to explaining the requirements and options, I will address over 50 questions on the application of the new requirements. With the new correction options, the IRS will expect improved compliance. Therefore, it is incumbent on practitioners to have a working knowledge of the loan correction procedures.
Recorded webcasts are available for one year after their live air date.