IRS Clarifies Emergency Distributions Tax Exceptions
Update: 2024-07-11
Description
On this episode of Williams Mullen's Benefits Companion, host Brydon DeWitt discusses the new IRS guidance regarding certain exceptions to the 10% early distribution tax under IRC 72(t). He will share background on emergency personal expense and domestic abuse victim distribution exceptions, any limitations, and steps plan administrators should take to ensure they are complying with this guidance.
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