Has the IRS expanded the rules for those effected by COVID as this article implies?
"that it has expanded eligibility to "take into account additional factors such as reductions in pay, rescissions of job offers, and delayed start dates."
The updated criteria, part of the CARES Act, also allows spouses or household members to take these distributions if someone in the home was affected.
So, how will the IRS monitor this? Or, is it based on trust or an audit?