August 17, 2020 IRS issues proposed regulations on extended rollover period for qualified plan loan offsets The IRS has issued proposed regulations (REG-116475-19) addressing changes made to IRC Section 402(c) under the Tax Cuts and Jobs Act (TCJA), which provided an extended rollover period for qualified plan loan offsets. The new guidance affects qualified employer plan participants, beneficiaries, sponsors, and administrators. The IRS will accept written comments and requests for a public hearing until October 5, 2020. | ||||