On February 24, 2022, the Internal Revenue Service (IRS) published a notice of proposed rulemaking that would amend income tax regulations on required minimum distributions from qualified retirement plans. The proposal reflects amendments to the Internal Revenue Code found in the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act). On May 23, 2022, the Office of Advocacy filed a comment letter encouraging IRS to reconsider their position on certain provisions of the proposed rules. Read the comment letter and fact sheet, which highlights Advocacy’s comments and recommendations.
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