COVID Hardship Distribution Relief: Three-Year Delayed Taxation, Repayments, Plan Loans, and Form 8915-E
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will explain the latest guidance on Section 2022 COVID relief for qualified retirement plans, including individual retirement accounts (IRAs), for tax professionals working with businesses and individuals participating in these plans. Our retirement expert will cover delaying taxation of certain distributions, repaying these same distributions, the relaxation of repayment terms for plan loans, and qualifying to avoid the premature distribution penalty.
- CARES Act: Section 2202 relief
- Qualified individuals
- Qualified distributions
- Taxation of distributions
- Repayment of distributions and amended returns
- Filing Form 8915-E
- Relief for plan loans
The panel will review these and other key issues:
- How is a qualified distribution reported on Form 8915-E?
- How is the reporting of this distribution coordinated with other disaster relief?
- What requirements must be met to qualify for the three-year spread of taxation of distributions?
- How does the subsequent repayment of distributions impact the calculation of tax?
- What relief is available for plan loans under 2022 of the CARES Act?
Griffin H. Bridgers
Hutchins & Associates
Mr. Bridgers' practice encompasses all areas of private wealth and family business. In addition to estate... | Read More
Mr. Bridgers' practice encompasses all areas of private wealth and family business. In addition to estate planning and estate administration, he is experienced in mergers and acquisitions, taxation, business transactions, franchising, commercial contracts, asset protection, executive compensation, employee benefits, qualified and non-qualified retirement plans, and nonprofit organizations. He counsels closely-held and family businesses, and nonprofit organizations, with their planning, succession, and liquidity needs in a variety of industries including tech, restaurant and retail, healthcare, manufacturing, construction, real estate, financial services, consulting, and professional staffing.Close