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.™
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s