A quick note from materials I received at an IRS/KDOR Tax Symposium I attended yesterday.
Thanks to a law changes last year, taxpayers over 70 and 1/2 are not required to take a required minimum distribution (RMD) from their IRA or pension plan in 2009. But what happens if you did and have changed your miind (or your plan executive didn't tell you about this year's special rules)? You can put it back. There has always been a 60 day rollover to repay a distribution. But this year the rollover has been extended to Nov. 30th. So if you took a distribution in 2009, you can put back up to the amount of your RMD and not pay taxes on the returned money if you can get it back in 60 days or Nov. 30th which ever is later. Rollovers are limited to one a year from each account and this hasn't been changed. And it only applies to taxpayers required to take RMDs. If you have questions about this, check with your tax professional.