New Ruling on RMDs

IRS is waiving the 60-day rollover deadline to permit any IRA owner, plan participant, or their spouse beneficiary to undo the 2009 Required Minimum Distribution (RMD), regardless of when in 2009 they took the unwanted RMD.

The deadline has been extended to November 30, 2009 or 60 days from the date the funds were received, whichever is later.

Caution: The one rollover per year rule is still in effect.

Sponsord by: Andorra Credit Repair

PostHeaderIcon It’s Not What You Earn, But What You Keep, After Taxes.™

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