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Coronavirus-Related Distributions/Loans from Retirement Plans

Posted on June 19, 2020 by wp_sb_dev

If you believe you may be eligible for benefits or relief under your retirement plan in regards to COVID19, please find more information as released by the IRS here.

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 COVID-19 – Small Business ReliefFebruary 1 deadline: Employers to issue and file wage statements; Businesses to provide Forms 1099-MISC and 1099-NEC to recipients 

 

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  • February 1 deadline: Employers to issue and file wage statements; Businesses to provide Forms 1099-MISC and 1099-NEC to recipients
  • Coronavirus-Related Distributions/Loans from Retirement Plans
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February 1 deadline: Employers to issue and file wage statements; Businesses to provide Forms 1099-MISC and 1099-NEC to recipients

By law, employers are required to file copies of their Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by January 31. However, since January 31 falls on a Sunday in 2021,…



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