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COVID-19: A Roadmap to Relief for IRA Owners and Providers
Morgan Lewis Link to more items from this source
[Guidance Overview]
May 27, 2020

"IRA providers may want to ... [1] Notify IRA owners and beneficiaries of the COVID-19 relief provided by the CARES Act and IRS Notice 2020-23. [2] Send a follow-up letter to IRA owners who were age 70-1/2 or older in 2019 and received RMD letters in January 2020 informing them that they had to take RMDs in 2020, that no RMDs are now required in 2020. [3] Put procedures in place for IRA owners and beneficiaries with RMD installment payments in place to notify the IRA provider whether they want to take or skip RMDs in 2020."

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