The Internal Revenue Service (“IRS”) issued Notice 2023-54 (“Notice”) that provides relief from Code Sec. 401(a)(9) required minimum distribution (“RMD”) compliance for certain 2023 lifetime and post-death distributions to participants and beneficiaries under individual retirement accounts (“IRAs”) and employer plans. The guidance largely tracks similar guidance that was previously under Notice 2020-51 and Notice 2022-53. In short...

Originally published in the Taxes The Tax Magazine.