IRS Notice: Safe Harbor Modifications for Eligible Rollover Distributions (IRC §402)

Two safe harbor explanations modified, that can be used to satisfy the requirement under tax code Section 402(f), that certain information be provided to recipients of eligible rollover distributions, the IRS provided. The original safe harbor explanations were contained in Notice 2014-74. However, changes related to qualified plan loan offsets, among other legislative changes in the 2017 tax act, Pub. L. No. 115-97, as well as guidance contained in Revenue Procedure 2016-47 on self-certification for waiver of the rollover deadline, promulgated modification to the safe harbor explanations. The two safe harbor explanations include ...