Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Team Leader

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Relationship Manager

Daybright Financial
(Remote)

Daybright Financial logo

Plan Administrator

Stones River Consulting
(Remote / TN)

Stones River Consulting logo

Relationship Manager – Defined Contributions

Daybright Financial
(Remote)

Daybright Financial logo

Director, Strategic Accounts and Channel Development

July Business Services
(Remote / Waco TX)

July Business Services logo

Manager of Client Service

EPIC RPS
(Remote / Norwich NY)

EPIC RPS logo

Director of Regulatory Operations and Compliance

PCS Retirement
(PA / Hybrid)

PCS Retirement logo

Regional Sales Director-Mid Atlantic

July Business Services
(Waco TX / DC)

July Business Services logo

Experienced Employee Benefits Attorney

Shipman & Goodwin LLP
(Hartford CT / Stamford CT / Boston MA / Hybrid)

Shipman & Goodwin LLP logo

Internal Channel Sales Team Lead

July Business Services
(Remote / Waco TX)

July Business Services logo

Plan Administration Analyst

EPIC RPS
(Remote)

EPIC RPS logo

Senior Client Success Manager

Independent Retirement
(Remote)

Independent Retirement logo

Consultant / Account Manager

Spectrum Pension Consultants (part of Daybright Financial)
(Remote / Tacoma WA / CA / OH)

Spectrum Pension Consultants (part of Daybright Financial) logo

Consulting Actuary

Daybright Financial
(Remote)

Daybright Financial logo

Regional Sales Director-Heartland

July Business Services
(Remote / Waco TX / IL)

July Business Services logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

The Paradox of Participant Loans in Default: A Taxable Distribution of a Loan Balance Still Considered to Remain Outstanding
Belfint Lyons & Shuman, CPAs Link to more items from this source
[Guidance Overview]
Mar. 22, 2017

"[K]eeping two sets of books is sometimes a legitimate practice, required precisely to comply with IRS rules that regulate different aspects of each set of books. For example, the difference between deemed distributions of loans in default and the actual loan offset requires a double set of books.... The first set of books is needed to comply with the taxable distribution rules and the second one to comply with the top-heavy test and the maximum available loan computations."  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).