November 16, 2020

IRS Issues Guidance on Missing Participants and State Unclaimed Property Funds

Spotlight on Benefits Blog

In October 2020, the IRS issued two pieces of guidance addressing (1) the tax withholding and reporting of distributions from qualified retirement plans to state unclaimed property funds, and (2) the ability of taxpayers to roll over funds that were previously escheated to a state unclaimed property fund.
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