Current Federal Tax Developments

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2020-11-09 Slowing Down RMDs - But Not Until 2022

This week we look at:

  • The IRS releases revised tables to compute required minimum distributions from retirement plan accounts - but not until 2022

  • Taxpayer denied relief from late filing penalties even though he believed his CPA had filed an extension on his behalf

  • IRS publishes news release indicating relief for certain collection related actions due to COVID-19

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2020-11-09 Slowing Down RMDs-But Not Until 2022 Ed Zollars, CPA (Kaplan Financial Education)

Articles on this week’s developments can downloaded in the PDF below:

2020-11-09 Current Federal Tax Developments