Computation of Maximum Loan Amount in the case of Multiple Loans

After issuing guidance earlier this year, the IRS has issued superseding guidance to agents on calculating the maximum loan amount in the event of multiple loans. Document Excerpt This memorandum supersedes interim guidance TE/GE-04-0417-0016 entitled Computation of Maximum Loan Amount under IRC § 72(p)(2)(A), issued April 20, 2017. This memorandum directs EP Examinations staff to […]

Updated Suspension of Benefit provisions for Plans in Critical and Declining Status

Revenue Procedure 2017-43 provides updated guidance for multiemployer plans in critical or declining status applying for Treasury approval of suspension of benefits. Document Excerpt This revenue procedure contains revised procedures for applications for a suspension of benefits under a multiemployer defined benefit pension plan that is in critical and declining status under § 432(e)(9). These […]

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