Timothy Sumer

IRS Notice 2022-53: What You Need to Know: In this finStream TV video, Denise Appleby from Appleby Retirement Consulting speaks with Robert Powell about IRS Notice 2022-53 and how it effects distributions for designated beneficiaries.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA IRS Notice 2022-53: What You Need to Know The Internal Revenue Service (IRS) has recently issued Notice 2022-53, which outlines important updates and changes taxpayers need to be aware of. This notice covers a range of topics, including new regulations, deadlines, and forms. Here is a breakdown of what you need to know about IRS Notice 2022-53. Extension of Filing and Payment Deadlines One of the key highlights of IRS Notice 2022-53 is the extension of certain filing and payment deadlines. The notice provides relief to taxpayers affected by recent natural disas

On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss a new notice issued by the IRS on Friday, October 7, 2022 clarifying the required minimum distribution (RMD) rules for certain IRA beneficiaries. If you inherited an IRA as a "non-eligible designated beneficiary," you may have been required to start taking RMDs. Failure to take the full RMD would lead to stiff penalties. This IRS notice waives the penalties for missed RMDs for 2021 and 2022. Mr. Bergman will discuss how it may affect you and the benefits the notice provides. Further, Adam will dip into the mailbag and answer questions he has received recently about self-directed retirement accounts. Join us LIVE on Thursday, October 13th at 12PM EDT! -- Download a PDF version of IRS Notice 2022-53: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he