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Are You Computing Your Maximum Participant Loan Amount Correctly (or in the Best Interest of Your Plan Participants)?
Jackson Lewis P.C. Link to more items from this source
[Guidance Overview]
May 30, 2017

"The reason for adjusting the maximum by the repayment amount is to prevent an employee from effectively maintaining a permanent outstanding $50,000 loan balance. The question is how to compute the amount of the highest outstanding balance within one year of the request for a new loan.... Until the recent IRS Memorandum, the answer was not clear."

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