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Wait -- There's More! IRS Issues CARES RMD Guidance
Ferenczy Benefits Law Center Link to more items from this source
[Guidance Overview]
June 25, 2020

"[Notice 2020-51] extends the time frame for rollovers of amounts received in 2020 that would have otherwise been RMDs to August 31, 2020.... IRA participants must return the distributed funds to the IRA that paid them out. The IRA repayment is not considered a rollover for purposes of the one-rollover-per-year limitation.... The Notice includes, in an appendix, a sample amendment for defined contribution plans to adopt these changes.... [T]he plan must be amended by the end of the first plan year beginning after December 31, 2021.... it appears that every plan sponsor will need to sign the RMD amendment, notwithstanding the normal ability under IRS rules of document providers to adopt interim amendments on behalf of those who use their plans."

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