Haynes and Boone's Newsroom

Rollovers of 2009 Required Minimum Distributions
10/27/2009
Rice M. Tilley, Jr., John M. Collins, William D. Ratliff, III, J. Mitchell Miller, Danika Hudik Mendrygal, Rebecca E. Whitacre

Last year, Congress: (1) suspended the required minimum distribution (“RMD”) requirements for 2009 for IRAs and qualified defined contribution plans (including 401(k) plans) and (2) permitted certain amounts that are distributed as RMDs in 2009 to be rolled over into an IRA or other retirement plan without being taxed in 2009. Last month, the Internal Revenue Service issued a Notice that extends the time in which a recipient can roll over 2009 RMDs to the later of (i) November 30, 2009 or (ii) 60 days after the date the distribution was received. However, in the case of RMDs from an IRA, only one 2009 distribution will qualify for this extended deadline.

If you have any questions, please feel free to contact one of the attorneys listed below. For more information about our practice go to Private Clients and Estate Planning

Rice M. Tilley, Jr.*

817.347.6611

John M. Collins
214.651.5564
713.547.2002

 

William D. Ratliff*
817.347.6608

J. Mitchell Miller
214.651.5363

Thomas J. McCaffrey
713.547.2107

 

Danika H. Mendrygal
214.651.5757

 

 

Rebecca E. Whitacre
214.651.5112