Tax News-IRS announces rollover relief for required minimum distributions from retirement accounts

IRS announces rollover relief for required minimum distributions from retirement accounts that were waived under the CARES Act  https://www.irs.gov/newsroom/irs-anno  https://accountinginstruction.info WASHINGTON — The Internal Revenue Service today announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020.  The 60-day rollover period for any RMDs already taken this year has been extended to August 31, 2020, to give taxpayers time to take advantage of this opportunity.