The IRS has released the transcript of its telephone forum on participant loans.
Document Excerpt
Note – Any federal tax advice contained in this transcript is intended to apply to the specific situation described and should not be considered official guidance independent of the presentation. The tax advice and statements contained herein should not be relied upon for retirement planning purposes without first consulting a tax or retirement planning professional. This transcript has been edited for technical accuracy and may differ slightly from the audio recording of the Participant Loans phone forum. This information is current as of September 12, 2011. Since changes may have occurred, no guarantees are made concerning the technical accuracy after that date.
Link http://www.irs.gov/pub/irs-tege/loans_phoneforum_transcript.pdf
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