Special Rules for Plans due to Hurricane Irma

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On September 12, 2017, the Internal Revenue Service (IRS) issued Announcement 2017-13, which provides guidance on the ability of qualified plans to provide plan loans and hardship distributions to people in Florida affected by Hurricane Irma. This comes not long after the IRS issued similar guidance to those victims affected by Hurricane Harvey.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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