IRS expands tax relief for taxpayers taking money from their retirement plans amid coronavirus

The Internal Revenue Service provided guidance Friday to taxpayers who are taking advantage of some provisions in the CARES Act that allow them to take out money from their retirement accounts due to the pandemic.

Original Article Posted at : https://www.accountingtoday.com/news/irs-expands-tax-relief-for-taxpayers-taking-money-from-their-retirement-plans-amid-coronavirus