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IRS to Waive Excise Tax on Certain Required Minimum Distributions from Retirement Plans in 2021 and 2022 | ArentFox Schiff

The Internal Revenue Service recently issued Notice 2022-53, which provides much needed transition relief in the form of an IRS waiver of the 50% excise tax that could otherwise be...
Arentfox Schiff Revenue Service Us Department Of Treasury Setting Every Community Up For Retirement Enhancement Internal Revenue Service Retirement Enhancement Act

IRS Notice 2022-53 Provides Excise Tax Relief For Retirement Beneficiaries

Internal Revenue Service issued Notice 2022-53 with transition relief in the form of IRS waiver of 50% excise tax for beneficiaries of qualified retirement plans or individual retirement accounts IRAs who fail to take required minimum distributions RMDs during 2021 and 2022.
Revenue Service Us Department Of Treasury Setting Every Community Up For Retirement Enhancement Internal Revenue Service Retirement Enhancement Act Qualified Plan

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