Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
IRS posts FAQs on CARES Act relief for IRAs and retirement plans
The IRS has added a webpage on "Coronavirus-related relief for retirement plans and IRAs questions and answers". addressing the provisions of section 2202 of the CARES Act, which provides for special distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from certain retirement plans.
The FAQs address how these distributions should be reported by retirement plan and IRA custodians and trustees. They also indicate that the IRS will be issuing more detailed guidance soon, and that it will follow the same principles as related guidance issued following Hurricane Katrina.