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February 23, 2022

IRS publishes proposes regulations addressing required minimum distributions from a wide variety of plans

The IRS has issued proposed regulations (REG-105954-20) regarding required minimum distributions from qualified plans, IRC Section 403(b) annuity contracts, custodial accounts, retirement income accounts, individual retirement accounts and annuities, and eligible deferred compensation plans under IRC Section 457. Written comments, and topic outlines for those who wish to speak at a June 15, 2022 public hearing, must be submitted by May 25, 2022. Several provisions in the proposed regulations will apply for calendar years/tax years beginning on or after January 1, 2022, or for distributions made on or after January 1, 2022.

A Tax Alert is forthcoming.