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    #1

    Missed RMD

    The IRA administrator changed in 2007 and the automatic RMD did not happen. My client just discovered this error.
    I assume my client should have the administrator send her the RMD now. So in 2009 she will pay the tax on it. Do I file a 2007 Form 5239 now asking for no penalty or do I file a 2009 5329 with the tax return, or what?
    Tags: None
    #2
    File Form 5329. The instructions on page 6 tell you how to request a waiver. Last few line on the form.

    And yes, have your client withdraw the amount and so you can say that in the explanation.
    JG

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      #3
      Prior Post

      Kram

      I have pasted a link to a prior post that has some excellent information

      Main Forum / Tax Discussion - TMI Message Board
      http://www.thetaxbook.com/forums/showthread.php?t=9005&highlight=required+distribution
      Primary Forum for posting questions regarding tax issues. Message Board participants can then respond to your questions. You can also respond to questions posted by others. Please use the Contact Us link above for customer support questions.


      Hope this assists you

      Sandy

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