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#1289138 - 11/18/09 08:12 PM IRA Required Minimum Distribution
Georgia Plum
Unregistered

I know that the RMDs are suspended for 2009, however, are we still required to mail something to the customer letting them know they may but are not required to take a distribution?

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#1289892 - 11/19/09 07:41 PM Re: IRA Required Minimum Distribution
el guapo Offline
Gold Star
el guapo
Joined: Jul 2004
Posts: 345
IRS Notice 2009-9 states that "the RMD information required under Notice 2002-27, 2002-18 I.R.B.814, need not be sent to IRA owners for 2009."

http://www.irs.gov/pub/irs-drop/n-09-09.pdf

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#1289895 - 11/19/09 07:44 PM Re: IRA Required Minimum Distribution el guapo
el guapo Offline
Gold Star
el guapo
Joined: Jul 2004
Posts: 345
Just to clarify, you were required to either report the client's RMD for 2009 as "$0" or if you could not update your 5498 in time you were required to send a notice to your clients informing them that they were not required to take an RMD. You do not have to inform them that they "may" take a distribution, as this would just be an ordinary normal distribution, not an RMD.

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