The SECURE Act, enacted in late 2019 by Congress, provided for a number of changes to retirement plans and IRAs. In Notice 2020-68, the IRS has provided initial guidance on some of these changes in an FAQ format. The Notice also covered plan-related provisions found in the Bipartisan American Miners Act of 2019 (Miners Act) that was enacted at the same time as the SECURE Act. 2020 has had a lot of changes for qualified retirement plans and IRAs. We've had a slew of new rules from the SECURE Act take effect. We've gotten a waiver for RMDs and the extension of the rollover period for putting funds back. There are coronavirus distributions and coronavirus loans. Barbara Weltman, president of Big Ideas for Small Business gives us an update on the latest IRS changes starting with small employer automatic enrollment credit.
Work experience in tax planning or tax compliance, or an introductory course in taxation
Barbara Weltman, Big Ideas for Small Business
Course Code : CPAR1486-FM