2009 Retirement Plan Required Minimum Distributions

If you took your 2009 Required Minimum Distribution before the 2009 distribution requirement waiver was issued, you now have until November 30, 2009 to return it to your retirement account.

Earlier this year, Congress waived participants' minimum distribution requirement for 2009 to help restore the lost value in their plans as a result of the financial market adjustment late last year. However, the waiver was issued subsequent to some participants having already taken distributions for 2009.

Notice 2009-82 provides relief for people who have already received a 2009 required minimum distribution this year. Individuals generally have until November 30, 2009, or 60 days after the date the distribution was received, to roll over the distribution.

Therefore, if you received any plan distributions in early 2009 and would like to defer those amounts to future years, you have until November 30, 2009 to return the funds to your retirement plan.

If you have any questions about the 2009 minimum distribution requirement, please contact your RBZ representative or other appropriate advisor. We would be glad to answer any questions you may have.

RBZ, LLP is one of the largest public accounting and strategic consulting firms in Los Angeles and has been providing tax services for over 34 years. We are located at 11755 Wilshire Blvd., Ninth Floor, Los Angeles, CA 90025.

Phone: 310.478.4148 | Fax: 310.312.0358 | Web site: www.rbz.com