Eight states ripped by the recent round of severe storms willget a reprieve from the IRS on 401(k) and other relateddeadlines.
According to IRSnotice 2010-48, the IRS has extended the deadline for restatingaffected pre-approved defined contribution plans and, ifapplicable, for submitting determination letters to the IRS to July30 for Alabama, Connecticut, Massachusetts, Mississippi, NewJersey, Rhode Island, Tennessee and West Virginia declaredPresidential Disaster Areas. The section 401(b) remedial amendmentperiod for these retirement plans has also been extended to thesame date. The previous deadline was April 30.
An affected plan is eligible for the deadline extension only ifthe following locations relating to the plan were in the federallydeclared disaster areas at the time of the disasters:
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