Revenue rulings represent the conclusions of the Service on the application of the law to the pivotal facts stated in the revenue ruling. Procedures relating solely to matters of internal management are not published however, statements of internal practices and procedures that affect the rights and duties of taxpayers are published. All published rulings apply retroactively unless otherwise indicated. It is the policy of the Service to publish in the Bulletin all substantive rulings necessary to promote a uniform application of the tax laws, including all rulings that supersede, revoke, modify, or amend any of those previously published in the Bulletin. The Internal Revenue Bulletin is the authoritative instrument of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest. This notice provides that if the RMD statement is provided in the year in which the IRA owner attains age 72, the IRS will not consider such statement to be incorrect provided the financial institution notifies the IRA owner no later than April 28, 2023, that no RMD is due for 2023. However, after the Act, the first RMD will be due for the year in which the IRA owner attains age 73. Prior to the SECURE 2.0 Act, this statement would have been required for all IRA owners who will attain age 72 in 2023 (the year for which the first RMD is due). Pursuant to Notice 2002-27, if an IRA owner has an RMD due for 2023, the financial institution that maintains the IRA must provide a statement by January 31, 2023, informing the IRA owner of the amount due (or an offer to calculate such amount) and the date by which the RMD must be distributed. Notice 2023-23 provides guidance to financial institutions on reporting required minimum distributions (RMD) for 2023 after the amendment to section 401(a)(9) of the Internal Revenue Code made by Section 107, Division T of the Consolidated Appropriations Act, 2023, P.L.
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