retirement plan loan basics – The Burns Firm – Advisors of Complex Financial Matters

Beware: Retirement Plan Loan Defaults Can Be Costly

September 8th, 2020|Categories: Accounting, Burns Firm, Tax|Tags: Covid-19, CPA Dallas, CPA in Dallas, retirement plan loan basics, retirement plan loans, tax, tax consequences of defaulting on retirement plan loan, tax on retirement plan loans, tax preparation, The Burns Firm|

Economic fallout from the COVID-19 crisis may cause some cash-strapped individuals to default on loans they've taken out from company qualified retirement plans, including 401(k) and profit-sharing plans. Defaulting on [...]