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In March, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed and granted relief to IRA owners who would otherwise be subject to required minimum distributions (RMDs) by allowing them to forego making those distributions in 2020. However, the legislation failed to address the minimum distributions that came out prior to the passage of the CARES Act, including indirect rollovers. So, on June 24, 2020, the IRS released Notice 2020-51 to offer new guidance about how to fix all required minimum distributions that came out of client accounts before the passage of the CARES Act earlier this year.