Starting in 2023, the penalty for a missed required minimum distribution is 25%, down from 50% before 2023. In the release, the IRS said they expect to release final guidance in 2024.

Understand the IRS's final regulations on required minimum distributions (RMDs) under the 10-year rule and how they impact beneficiaries of retirement accounts.

Regulation and compliance Final IRS rules to IRA beneficiaries: Get going on those RMDs already By Tobias Salinger August 07, 2024, 4:03 p.m. EDT 5 Min Read ...

If the IRA owner died before age 72, the beneficiaries would be subject only to the 10-year rule, the IRS said in the proposal. But if the owners died on or after their required beginning date for ...

The IRS has quashed any remaining hope that it would alter its new guidelines for inherited individual retirement accounts, ending the "stretch" strategy for most beneficiaries. "Everyone thought ...

Final IRS regulations released in 2024 provide significant guidance on the use of trusts as retirement account beneficiaries. Because the SECURE Act bifurcated account beneficiaries into two ...

The IRS issued its highly anticipated final regulations for required minimum distributions on July 19, 2024. These regulations incorporate rules from both the Secure and Secure 2.0 acts. With ...

The IRS provided welcome relief from Code section 401(a)(9) RMD compliance for 2021 and 2022 for post-death distributions to beneficiaries under IRAs and defined contribution plans. IRS Notice ...

The IRS on April 16, 2024, released Notice 2024-35, which extends previously issued temporary relief from certain required minimum distribution (RMD) requirements for beneficiaries under qualified ...