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N-2020-60: Election of Alternative Minimum Funding Standards for Community Newspaper Plans

August 13, 2020 IRS Newsroom Tax

Notice 2020-60 provides procedures for the election of alternative minimum funding standards for defined benefit pension plans sponsored by community newspapers under § 430(m) of the Internal Revenue Code, which was added by § 115 of the SECURE Act. The draft notice also provides guidance and relief with respect to the election under § 430(m).

It will appear in IRB 2020-36 dated Aug. 31, 2020.

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