Retirement Plans Newsletter
BULLETINSeptember 18, 2018
Text of IRS Notice 2018-74: Safe Harbor Explanations - Eligible Rollover Distributions (PDF)
34 pages. "This notice modifies the two safe harbor explanations in Notice 2014?74 ... that may be used to satisfy the requirement under Section 402(f) of the Internal Revenue Code that certain information be provided to recipients of eligible rollover distributions. The safe harbor explanations as modified by this notice take into consideration certain legislative changes and recent guidance, including changes related to qualified plan loan offsets ... and guidance issued on self-certification of eligibility for a waiver of the deadline for completing a rollover ... and include other clarifying changes.
"To assist with the implementation of the modified safe harbor explanations, this notice contains two appendices. Appendix A contains two model safe harbor explanations: one for distributions that are not from a designated Roth account, and a second for distributions from a designated Roth account. Appendix B provides instructions on how to amend the safe harbor explanations contained in Notice 2014?74 to reflect the revisions included in the modified safe harbor explanations in Appendix A." Internal Revenue Service [IRS]
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