The IRS released Notice 2020-51 which provides significant relief for IRA owners and beneficiaries as well as retirement plan participants who wish to return their 2020 distributions due the RMD rule changes brought about by both the SECURE Act and the CARES Act. The relief provides for an extension of the 60-day rollover period that was previously extended to July 15, 2020 in Notice 2020-23. Taxpayers will now have until August 31, 2020 to return all or a portion of the distributions they withdrew during 2020 without violating various rollover rules (e.g., the “60-Day Rule” and the “12-Month Rule” as well as the restriction on rolling over qualified plan distributions that are part of a series of “substantially equal periodic payments.”)