Compliance
Tax & Accounting
March 17, 2023
IRA required minimum distribution notifications: IRS provides relief for sending inaccurate RMD notices
The IRS has granted relief to IRA custodians/trustees that in January incorrectly sent an RMD notice to IRA owners that will attain age 72 in 2023, considering a follow-up notice is provided by April 28, 2023, stating an RMD is not required for 2023.