Current Federal Tax Developments

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2023-07-17 IRS Extends RMD Relief by One Year

This week we look at:

  • IRS extends SECURE Act inherited IRA RMD relief for one additional year, adds special rollover rule for those born in 1951 due to SECURE 2.0 Act changes

  • IRS grants relief to victims of Vermont flooding.

  • Failure to attach simple election leads to requesting (and paying for) 11 separate private letter rulings

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2023-07-17 IRS Extends RMD Relief by One Year Edward K. Zollars, CPA (Kaplan Financial Education)

Slides and links to this week’s write-ups can be downloaded below:

2023-07-17 Current Federal Tax Developments