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14 July 2023

IRS announces plans to finalize guidance on required minimum distributions from qualified plans and provides transition relief

In Notice 2023-54, the IRS (1) announces its intention to issue final regulations related to required minimum distributions (RMDs) under IRC Section 401(a)(9), which will not apply before the 2024 distribution calendar year; and (2) provides transition relief in connection with the change in the required beginning date for RMDs under the SECURE 2.0 Act.

Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor

Document ID: 2023-1240

 

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