AICPA comments further on trust, estate issues with SECURE-related proposals

June 24, 2022

The AICPA has submitted additional comments to Treasury and the IRS that address trust and estate issues with proposed regulations (REG-105954-20) regarding required minimum distribution (RMD) requirements and provisions in the Setting Every Community Up for Retirement Enhancement Act (SECURE Act).

The submitted comments concern the proposed regulations on RMDs from qualified plans, focusing on the age of majority, the definition of disabled, marital trusts with a surviving spouse as a beneficiary, eligible designated beneficiaries who are older than the decedent and the 10-year rule.

The comments are in addition to the AICPA’s previously submitted comments on June 16, 2020.

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