IRS Extends Relief for Participant Signatures

Edward A. Wodarczyk, Esq., ewodarczyk@tuckerlaw.com, (412) 594-3920

Certain elections made by participants and spouses under retirement plans must be signed “in the physical presence of a plan representative or a notary public.”  The IRS provided relief from this physical presence requirement through June 30, 2021 when it issued Notice 2021-3.  The relief allows for live audio-video technology to satisfy this physical presence requirement.  The IRS just extended this relief through June 30, 2022 per Notice 2021-40.

For more information on this or any other legal topic, contact Ed Wodarczyk at ewodarczyk@tuckerlaw.com.