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IRS to Extend Temporary Relief From Requiring Physical Presence

May 13, 2022, 4:36 PM

The Internal Revenue Service plans to extend a temporary relief measure that would enable some retirement plan elections to be signed remotely.

  • The six-month extension, through Dec. 31, 2022, due to the ongoing pandemic, means that certain plan elections can be done remotely using electronic technology instead of requiring the physical presence of a plan representative or a notary public.
  • The relief measure was first put in place in March 2020, and then extended a few times, and had been scheduled to expire after June 30, 2022.

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