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IRS Waives The 50% Excise Tax For 2021 And 2022 RMD Failures For Some Beneficiaries

Por: Forbes Business October 11, 2022

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If you did not take your required minimum distribution from your inherited IRA in 2021 or 2022 because of the confusing messaging from the SECURE Act, and you fall into a specific class of beneficiary, you do not owe the usual 50% excise tax on RMD shortfalls. Friends meeting up to spend time together on a summers eveninggetty The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) introduced a new 10-year rule for... + full article



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