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Tax Strategies for 2020 IRA & 401k Distributions: Pay them Back or?
Presented by Jeremias Ramos, CPA, Withum

The CARES Act provides for expanded distribution options and favorable tax treatment for up to $100,000 of coronavirus-related distributions ("CRDs") from eligible retirement plans (certain employer retirement plans, such as section 401(k) and 403(b) plans, and IRAs) to qualified individuals, as well as special rollover rules with respect to such distributions. It also increases the limit on the amount a qualified individual may borrow from an eligible retirement plan (not including an IRA) and permits a plan sponsor to provide qualified individuals up to an additional year to repay their plan loans. 

Join Jeremias Ramos, CPA to learn: 
Which IRA and Qualified distributions can be treated as CRD
The tax benefits of CRD
How the distributions can be claimed as income over 3 years
How distributions can be repaid 
What clients should consider this year

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