Waiver of 2020 RMD Sample Clauses

Waiver of 2020 RMD. In spite of the general rules described above, no beneficiary life expectancy payments are required for calendar year 2020. In addition, if the five-year rule applies to a Xxxx XXX with respect to any decedent, the five-year period is determined without regard to calendar year 2020. For example, if a Xxxx XXX owner died in 2017, the beneficiary’s five-year period ends in 2023 instead of 2022.
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Waiver of 2020 RMD. In spite of the general rules described above, if you are an XXX owner age 70½ or older, you are not required to remove an RMD for calendar year 2020. This RMD waiver also applies to XXX owners who attained age 70½ in 2019 but did not take their first RMD before January 1, 2020. In addition, no beneficiary life expectancy payments are required for calendar year 2020. If the five- year rule applies to an XXX with respect to any decedent, the five-year period is determined without regard to calendar year 2020. For example, if an XXX owner died in 2017, the beneficiary’s five-year period ends in 2023 instead of 2022.
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Waiver of 2020 RMD. In spite of the general rules described above, if you are a Traditional IRA owner age 70½ or older, you are not required to remove an RMD for calendar year 2020. This RMD waiver also applies to Traditional IRA owners who attained age 70½ in 2019 but did not take their first RMD before January 1, 2020. In addition, no Traditional or Xxxx XXX beneficiary life expectancy payments are required for calendar year 2020. If the five-year rule applies to an IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020. For example, if an IRA owner died in 2017, the beneficiary’s five-year period ends in 2023 instead of 2022.
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Waiver of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited Xxxx XXX for calendar year 2020. In addition, if the five-year rule applies to your inherited Xxxx XXX, the five-year period is determined without regard to calendar year 2020. For example, if the original Xxxx XXX owner died in 2017, your five-year period will end in 2023 instead of 2022.
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Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. If the five-year rule applies to an IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an IRA owner died in 2019, the beneficiary’s five-year period ends in 2025 instead of 2024.
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Waiver of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited IRA for calendar year 2020. In addition, if the five-year rule applies to your inheritewd IRA, the five-year period is determined without regard to calendar year 2020. For example, if the original IRA owner died in 2017, your five-year period will end in 2023 instead of 2022.
Sample 1

Related to Waiver of 2020 RMD

  • Trafficking Victims Protection Act of 2000 Subrecipient hereby acknowledges and agrees that it must comply with the requirements of the government-wide award term which implements Section 106(g) of the Trafficking Victims Protection Act (TVPA) of 2000, as amended (22 U.S.C. 7104). The award term is located at 2 C.F.R. Part 175.15, the full text of which is incorporated here by reference.

  • Rollover of XXX Xxxx If you receive a refund of eligible retirement plan assets that had been wrongfully levied, you may roll over the amount returned up until your tax return due date (not including extensions) for the year in which the money was returned.

  • Waiver of FOIA Request The defendant waives all of his rights, whether asserted directly or by a representative, to request or receive from any department or agency of the United States any records pertaining to the investigation or prosecution of this case including, without limitation, any records that may be sought under the Freedom of Information Act, 5 U.S.C. § 552, or the Privacy Act of 1974, 5 U.S.C. § 552a.

  • Certification of Meeting or Exceeding Tobacco-Free Workplace Policy Minimum Standards A. Grantee certifies that it has adopted and enforces a Tobacco-Free Workplace Policy that meets or exceeds all of the following minimum standards of:

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