Guest padmin Posted March 16, 2005 Posted March 16, 2005 We have a signed distribution form from a former participant that is over 90 days old. Our understadning is that the tax notice only must beprovided within 90 days of payment. Can we get around this problem by simply providing another tax notice or does the partipant need to re-execute distribution paperwork?
QDROphile Posted March 16, 2005 Posted March 16, 2005 If you simply send another tax notice you will have to wait a minimum of 30 days to distribute and you need to tell the recipient what will happen if the recipient does not contact you with other instructions before the distribution. All this is subject to plan terms and policies that may bear on the question.
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