Tax planning

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IRS Wants to Change the Inherited IRA Distribution Rules

UPDATE: On October 7th, 2022, the IRS released Notice 2022-53 announcing final regulations will be forthcoming and will apply (at earliest) to the 2023 distribution year. Individuals affected by the new rules who ‘failed’ to take RMDs in 2021 and 2022 will not be subject to the ordinary penalties. Although the proposed…
Kristin McKenna
August 8, 2022