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woman in suit handing check over The Revenue Ruling states that the guidance equally applies to situations in which the participant chooses to not cash the check, sends the check back to the payor, destroys the check, or cashes the check in a subsequent year. (Photo: Shutterstock)

Benefit plan administrators and plan service providers received IRS guidance on what to do when a participant in a tax-qualified retirement plan receives a plan distribution but does not cash the check or cashes the check in a later year. According to IRS Revenue Ruling 2019-19, the distribution is:

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