Another one of my favorite guitarists is Eric Clapton who released an album titled “August” in 1986. Recent guidance from the IRS providing certain relief for retirement plans as a result of the COVID-19 Pandemic brings this album to mind as it emphasizes action by the end of August. Last month the IRS issued two
Qualified Retirement Plans
Budget Act does what Tax Reform Couldn’t – Grants Relief on Hardship Distributions
By Scott E. Galbreath, J.D., LL.M (Tax) on
Posted in Qualified Retirement Plans
As the Tax Cuts and Jobs Act wound its way through the legislative process last year, it morphed several times. Many provisions that were originally proposed were dropped along the way and others were added. This was certainly true with respect to provisions affecting employee benefits. Readers should remember that originally the House Bill contained…