IRS Releases Guidance on Retirement Plan Rollovers
The Treasury Department and the IRS issued guidance Wednesday that the tax agency says will simplify and standardize the rollover process for both participants and plan sponsors.
The Treasury Department and the IRS issued guidance Wednesday that the tax agency says will simplify and standardize the rollover process for both participants and plan sponsors.
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Why it matters
The IRS guidance on retirement plan rollovers is a regulatory update that simplifies tax procedures but does not directly impact credit markets or borrowing costs, making it routine business activity with limited relevance to sophisticated credit professionals.
Sources
CPA Practice Advisor
IRS Releases Guidance on Retirement Plan Rollovers
The Treasury Department and the IRS issued guidance Wednesday that the tax agency says will simplify and standardize the rollover process for both participants and plan sponsors.