Current Federal Tax Developments for the week of December 23, 2019: A Tax Bill for the Holidays
- Further Consolidated Appropriations Act, 2020 signed into law on December 20, 2019
- SECURE Act
- The good: Delay in required beginning date for plan distributions, later plan adoption date, etc.
- The bad: Death of the stretch IRA
- Extenders apply retroactively - so there are some amended returns that will be needed
- Tax-exempt version of the parking lot tax is gone, but the for profit version is still around
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