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IRS Interim Guidance Regarding Administrative Concerns

 

11/20/15

On November 20th, 2015, the IRS released interim guidance related to the following:

  1. The requirement to establish safeguards to categorize distributions from ABLE accounts;
  2. The requirement to request the taxpayer identification number (TIN) of each contributor to an ABLE account; and
  3. The requirements for disability certification that would make it mandatory for the individual with a disability to submit a signed physician’s statement regarding their eligibility for an ABLE account.

Read our brief summary of the interim guidance.

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