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Account holders over the age of 70 1/2 are subject to RMDs — required minimum distributions — which is the amount they’re obligated to withdraw from their tax-deferred retirement accounts and pay taxes on.“The government wants its money back,” retirement expert Ed Slott tells Yahoo Finance

“If it’s a big enough issue, you should speak to a qualified tax preparer and seek professional advice on your personal situation,” Ed Slott, CPA and founder of IRAhelp.com, told FOX Business.“While you may be able to find some answers on your own by researching online, you can’t guarantee it’s accurate or applies to your unique situation.”

“That withholding is nowhere near enough,” said Ed Slott, a CPA and founder of Ed Slott & Co.in Rockville Centre, New York

“Some people call it ruling from the grave,” said Ed Slott, who heads an eponymous retirement advice firm.

Make a direct transfer from the institution holding one account to the company where the money is going, says IRA expert Ed Slott.Ask the firm on the receiving end for help; any checks should not be made out directly to you

“This is more to alert people to take other sources of income into account,” Ed Slott, CPA and founder of IRAhelp.com, told FOX Business.“It helps to highlight situations that caused problems last year.”

IRS Publication 590 tells you everything you need to know about IRAs: contributing to them, withdrawing from them, and rolling over to them.

Investors often struggle with how to allocate their investment dollars: company retirement plan or IRA; traditional or Roth accounts. 

Despite their best intentions, retirees sometimes miss their required minimum distributions. 

"File early as you normally would and at least secure a place in line for when refunds will be issued.Don't wait until things get back to normal," Ed Slott, a certified public accountant who founded IRAHelp.com, told Business Insider