The Waiver of Excise Tax on RMDs: IRS Notice 2022-53 Explained

The IRS acknowledges confusing messaging for the new 10-year rule for beneficiaries, and waives the 50% excise tax for 2021-22 RMD shortfalls for some SECURE Act-era beneficiaries.

IRS Notice 2022-53 was published to address this matter and provide relief for some beneficiaries..

Please join me. I will explain what this really means and who benefits.

Members get these and other benefits. Not a member? Please sign up here.https://applebyconsultinginc.com/Registration . Starting at only $19.97 per month.