Guest PALAWYER Posted February 20, 2001 Posted February 20, 2001 The Internal Revenue Code requires a 402(f) notice for all elligible rollover distributions. 1.402© notes that a loan offset distribution is an elligible rollover distribution. How do you comply with the 402(f) requirements if you don't know the distribution will occur 30 days ahead of time? Remember, I am not talking about a deemed distribution, which is definitely not an elligible rollover distribution, I am referring specifically to a Loan Offset Distribution. Am I missing something here? Please advise. Thank you.
QDROphile Posted February 20, 2001 Posted February 20, 2001 You need to redesign you loan offset procedures to allow compliance with the rollover notice rules.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now