No Relief For 2008 Required Minimum Distributions

Dec 19, 2008 1 Replies

USA Today is reporting that the US Treasury has put the kibosh on any temporary relief from mandatory distributions from retirement accounts in 2008.



Quoting USa Today:



In a letter to members of Congress, the Treasury Department said any steps it could take to address the issue would be ?substantially more limited than the relief enacted by Congress and could not be made uniformly to all individuals subject to required minimum distributions.? It also said carrying out the changes would be ?complicated and confusing for individuals and plan sponsors.?


yeah, the last thing we need is to make our tax laws complex!

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