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IRS Issues Updated RMD Rules

Monday, Jul 22 2024
Tax
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The Internal Revenue Service has issued updated regulations regarding required minimum distributions from retirement plans, retaining a requirement about beneficiary distributions.

The IRS had reviewed comments that annual RMDs to beneficiaries should be required to continue if the remaining balance is full distributed within 10 years of an individual’s death.

However, the agency decided to retain the requirement a beneficiary should continue receiving annual payments.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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